Australian (ASX) Stock Market Forum

ENR - Encounter Resources

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yeah but results arent out yet. Could go either way. If +ve this stock will obviously go up nicely.
Anyway I sold most today and Fri arvo.
Still hold plenty of AVO though as they have some good fundamentals.
 
have been topping up with this one over the last week in anticipation of the release of the Yeelirrie Channel and Lakeway uranium prospect's drilling results that are due out any day now. They seem to have some good landholdings around the giant BHP Yeelirrie Uranium Deposit (52,000 tonnes) and the Nova Energy Uranium Deposits (9000 tonnes) with a current share float of only 30 million this one may rocket if they find any decent uranium grades from either drill campaign. Good sign that it is holding up on this down day.

Anybody else holding this one?

Remember DYOR
 
windwalker said:
Sitting on this one and AVO, as you say Nick this one could go either way, I'm hoping north
Cheers :)
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I strongly suggest to ring up the company, and ask them one question that is nothing to do with ENR, then you decide what to do with your ENR holding. The question is:

Why don't you apply for the lease for exploring the Angela deposit in NT?

I have got the answer already, and I made my decision already. It's easy for me to tell you, but it is difficult for you to accept it, and also you might question my motivation.

So do your own research.
 
Looks to be coming out of a nice rounding btm especialy on the weekly any new opinions on this one???
 
Looks like a long time since anyone has paid any attention to ENR but I feel now its starting to attract some attention.

The company has some great land holdings around well known world class deposit Yereelie, Nifty, Kintyre, and as of todays announcement Woodie Woodie.

I really liked today Manganese announcement as anything to do with steel has a big future and one of the stars of the last boom was Consolidated Minerals <Woodie Woodie>.

I also cant think of many Managanese companies listed on the ASX so it could become a niche play.

Proven management Chairman is also SLR and RXM two of the standouts in the current market so this company has a big future.
 
been a while since any post here.

I just wanted to give my tip. I took a stock broker (well to do clovellyite) on my party bus, he gave me this ENR tip and I got in at 1.10 and it plummeted the next 5 days.
:rolleyes:

Im holding because he truly believed this stock would be +$4 by November 2011.

So far burnt, BUT he had no reason to give a bad tip.
 
Yeneena Copper Exploration Update
BM7 Prospect
• Additional RC pre-collar assays results returned including:
• 18m @ 0.4% copper and 298ppm cobalt incl. 2m @ 2.2% copper
• 40m @ 0.2% copper and 143ppm cobalt incl. 12m @ 0.4% copper
• Assay results from the first three diamond holes have been received confirming copper-cobalt sulphide mineralisation at depth:
• 19m @ 0.5% copper and 220ppm cobalt
• 7m @ 0.7% copper and 320ppm cobalt
• 59m @ 0.2% copper and 95ppm cobalt
• VTEM survey indicates BM7 target extends a further 2.5km south
• Ninth diamond drill hole in progress
T4 Prospect
• 10,000m aircore drilling program has commenced

Encounter expands land holding at Yeneena
• Encounter completes agreement to expand ground position at the Yeneena project
• The Tenement covers a 114km² area located 4km west of the BM7 copper discovery

Copper and zinc mineralisation at BM2
• WA Government Exploration Incentive Scheme co-funded RC drilling program intersects copper and zinc sulphide mineralisation at BM2
• Results include:
• 26m @ 0.60% copper from 100m
• 14m @ 0.74% zinc from 230m to end of hole
• Mineralisation remains open to the west and at depth
• VTEM survey completed with conductor modelled down dip to the west of copper sulphide mineralisation
 
Two gap up days in a row for Encounter Resources after announcing yesterday the highest grade gold assay result to date at East Thomson's Dome.

The high grade gold intersected in hole ETG0151 at the N31 Reef at East Thomson's Dome (4m @ 18g/t Au from 8m assayed by 2 metre composite sampling) has been assayed at 1 metre intervals and returned 3m @ 39g /t Au from 9 m including 1m at 109g/t from 9m.

This is a great result for ENR. The key is in the following part of the announcement from yesterday:
Commenting on the result, Encounter Managing Director Will Robinson said:

“This intersection at the N31 Reef represents the highest grade gold intersected to date at East Thomson's Dome. It's located in an area separate from where the majority of prior exploration took place. Given the grade seen in the re-sampling, if continuity of the N31 Reef can be established through the drill program beginning in the next fortnight, the implications would be significant.”
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If this assay result is the tip of the iceberg then it could be very good times ahead for ENR given its relatively small market cap of around $14 million.

big.chart-ENR.gif
 
Noticed while putting my tip as ENR today (18th Nov 2018). This thread was last visited by Nicks on Jan 3, 2007- about 12 years! Where is Nicks today? I know Kennas is actively busy but slightly out of participation on ASF for a couple of years. Of course there were some recent postings from Greg also
Anyway, I am speculating (not gambling as no money is on the table from me :)) that my tip on ENR will flourish. Could flourish earlier of 1 Dec or after 31 Dec 2018 to give me the winning edge.
Reasons are : ENR has been playing between big people. IGO has put its money on it- not for a game. ENR has a strategic resource at Telfer which fits very well with NCM Telfer body. Telfer having 0.5 or so ppm of gold and with its existing infrastructure, road, borefield, power, airport - offer ENR a great acquisition opportunity. Unfortunately, people in Melbourne are a bit slow to react even if NCM has a JV with ENR.
With a big push on NCM to do transformation change on Telfer, my guess is ENR could be an attractive proposition for Telfer to survive.
DNH yet but on my watch list.
 
https://www.asx.com.au/asxpdf/20190312/pdf/443d8d5ph10qzs.pdf

Bought ENR this morning after reading a long awaited news story on Encounter Resources about the JV holding . Probably at an initial high price after learning Newcrest has increased their JV to 30%.

People who are only learning from books, probably do not realise the strength of this announcement. ENR has rich source of gold but no supporting infrastructure. It will cost substantial CAPEX investment. Newcrest's Telfer mines has everything - airport,water, power, infrastructure, big processing plant and solid (excepting some idiots as all companies have) manning but a poor ore body with average 0.6 gm per ton gold.

ENR ore body is only about 10 kilometers from Telfer . Nothing when a distance of 45 kms between mines and mill are within limit. Worsley Alumina mine is around45 km from Worsley Alumina Refinery in Collie Western Australia.

It took some time for Newcrest to increase the JV but they are changing as you have seen the acquistion with Ludin and another Canadian venture. Please refer my post in November 2018.

So wait and see ENR if you want to step in.
If I have had a crystal ball, would have put my tip ENR for March :)

12 March 2019
 
Fair bit of selling pressure Miner and the Twiggs money flow is falling away to about -25% as of yesterdays chart.
Let's see how it goes.

One year EquiVolume chart.

enr EV March 2019.png
 
Miner said:
https://www.asx.com.au/asxpdf/20190312/pdf/443d8d5ph10qzs.pdf

Bought ENR this morning after reading a long awaited news story on Encounter Resources about the JV holding . Probably at an initial high price after learning Newcrest has increased their JV to 30%.

xxxxxxxxx

It took some time for Newcrest to increase the JV but they are changing as you have seen the acquistion with Ludin and another Canadian venture. Please refer my post in November 2018.

So wait and see ENR if you want to step in.
If I have had a crystal ball, would have put my tip ENR for March :)

12 March 2019
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Gees
Should have put my tips for March :
Since I posted on this thread and thinking to have bought at a higher price in the early morning, ENR shot up

upload_2019-3-12_8-5-42.png
 
Ann said:
Fair bit of selling pressure Miner and the Twiggs money flow is falling away to about -25% as of yesterdays chart.
Let's see how it goes.

One year EquiVolume chart.

View attachment 92840
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Hi Ann
Thanks for sharing your thoughts on ENR and charts.
For ENR, as I just posted again, probably chart will not be 100% to analyse. The price is driven by today's announcement, strategic movement for future whereas chart is analysing the data received until yesterday's sale.
Nonetheless, it will be interesting to see how the price follows the historical trend by the close of market today.
 
Miner said:
Hi Ann
Thanks for sharing your thoughts on ENR and charts.
For ENR, as I just posted again, probably chart will not be 100% to analyse. The price is driven by today's announcement, strategic movement for future whereas chart is analysing the data received until yesterday's sale.
Nonetheless, it will be interesting to see how the price follows the historical trend by the close of market today.
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I always find TA and FA very interesting Miner. I am truly not stalking you, I see you are very good at FA (I am pretty useless at it) and it makes chart reading all that more interesting when there is a comparison.
 
Ann said:
I always find TA and FA very interesting Miner. I am truly not stalking you, I see you are very good at FA (I am pretty useless at it) and it makes chart reading all that more interesting when there is a comparison.
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No worry mate. Even if you are not stalking me, I do stalk you and couple others on this forum. Joe calls it to follow . Primarily I learn a lot from them as well as get checked on some thoughts. And above all they come free.
Have a lovely day.
 
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