Here is some info from Proactive Investors... and let's hope we...

Here is some info from Proactive Investors... and let's hope we get good news flow and an increasing share price before too long. Production now seemingly getting closer....


ENK (LON:ENK, ASX:ENK) should be in a good position when it comes to negotiating project finance options for the Acoje nickel project, according to Evolution Securities analyst Louise Collinge.

The analyst’s comments come after this morning’s news that ENK had received the outstanding US$34 million from the sale of the Caldag project.

Caldag had previously been a key focus for ENK, however delays in the permitting process led to the mothballing of the Turkish project.

The group announced the agreement to sell Caldag for US$40 million in mid-September and received a deposit of US$6 million shortly after.

Now ENK is firmly focused on the Acoje project. This mine development project is located in the Philippines and it is scheduled for first production in 2013.