Fat Prophets included ENK with a BUY in the newsletter they...

  1. 120 Posts.
    Fat Prophets included ENK with a BUY in the newsletter they release last night. That may explain their good performance today ?


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    Acoje steps up to the fast track
    European Nickel has announced it will redeploy its resources and expertise to concentrate on the Acoje nickel project on the Island of Luzon in the Philippines. Part of the refocusing on Acoje will include the fast tracking of the definitive feasibility study (DFS) and a more intensive exploration drilling programme. The primary reason for the strategy shift, the company?s ?aldağ nickel project in Turkey, has been temporarily placed into care and maintenance pending official approvals.

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    With the ?aldağ project now in temporary care and maintenance the European Nickel share price has fallen. We believe the fall in the share price has created an opportunity to purchase European Nickel and carry a very cheap option over the company?s ?aldağ project. This is a high risk play on the permit but the call price on the project appears to be very cheap.
    European Nickel is a speculative play on nickel and the return to normal mining activities at ?aldağ. We recommend European Nickel as a BUY for Members with no exposure.
 
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