Precisely. ENR are running out of decent drilling targets (and probably $$$ as well), and there is little to no chance now of them finding another Luni. The narrow dykes they have located, no matter what the grade, will never be economical as a standalone mining operation in that location. So......maybe WA1 might be interested in acquiring them, but likely at least 10-15 years down the track if not longer. Not enough to justify their current market cap in the near term, and I think they will need to do a CR soon which will only further depress the SP.
General discussion, page-12640
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Last
$14.61 |
Change
-0.040(0.27%) |
Mkt cap ! $950.9M | |||
| Open | High | Low | Value | Volume |
| $14.56 | $15.05 | $14.47 | $2.063M | 139.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 272 | $14.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.63 | 292 | 7 |
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| Last trade - 14.12pm 18/09/2024 (20 minute delay) ? |
| WA1 (ASX) Chart |