To the seller yesterday at 35c thanks for the gift. Both ENR and SRI are chasing similar "Nifty" style SEDEX copper deposits....it's worth comparing the success each have had until now ie grades and intervals and their respective cash positions, market caps and EV's.For those that make the effort you will see that ENR is sharply undervalued to it's peer. Drilling is due to recommence with 2 rigs in a little over 2 weeks and they have plenty of money to drill out a number of targets. Remember too that in the recent placement which was fully subscribed,management and family put their hands up for 400K worth of stock at 40c. Once we see the announcement as to a start of drilling I expect a flurry of buying after the recent selldown on low volume.
ENR Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)