Invest99,
It is right that there is no news / trade.
ENK has huge potential starting with Caldag in Turkey and then the ex Rusina projects in the Philippines.
There are two critical company making events that must first happen and prior to this there is no other news of real significance. The key events are;
1. Securing the necessary Turkish environmental permit at Caldag.
2. Obtaining the USD 300 million funding for Caldag.
The combined Caldag (Turkey)/ Acoje (Philippines) projects have a potential NPV in excess of USD 600 million compared to an existing share price of about USD 60 million. Even with future capital raising dilutions there is a huge upside possibility but it is a bet on things going right. Nothing much else to do if you are in ENK at the moment but wait.
BR
Max
Invest99,It is right that there is no news / trade.ENK has huge...
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