Australian (ASX) Stock Market Forum

ENR - Encounter Resources

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I checked earlier and price drove down and put a buy order.
did not follow at the end of market. But the volume was not very high. ENR always has been making some or other deal but yet to make it happen. Lets see tomorrow.
Thanks
 
Miner said:
@frugal.rock Glad to learn you have not put any emotion on ENR. I do not have (probably denying that I may have some :) :) )
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What have we got here old sport?

~15 cents with a market cap of ~$30M, and low number of shares on offer ~280M. Looking okay.

So now we look at the resources:

Hits are average though?
Miner said:
I checked earlier and price drove down and put a buy order.
did not follow at the end of market. But the volume was not very high. ENR always has been making some or other deal but yet to make it happen. Lets see tomorrow.
Thanks
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What line of mining where you in?
 
BHP and Encounter have entered into an Option Agreement covering the 4,500km² Elliott Copper Project in the Northern Territory
• Option Agreement provides BHP with the right, following the completion of a jointly designed validation program, to enter an earn-in and joint venture agreement to earn up to 75% interest in Elliott by spending up to $22 million over 10 years
• Elliott represents a compelling first mover copper opportunity in a high quality jurisdiction:
- Located at a major structural intersection on the southwestern margin of the Beetaloo Basin
- Contains the key conceptual criteria for the formation of sedimentary copper with the target sequence being undercover and untested
- Standout copper-in-groundwater anomaly which is supported by surface geochemical sampling at Elliott
• Elliott was first identified by analysing new datasets generated by Geoscience Australia, as part of the Federal Government’s Exploring for the Future Program
• Encounter retains 100% control of five other copper projects in the NT covering a further 10,300km²
 
Dona Ferentes said:
BHP and Encounter have entered into an Option Agreement covering the 4,500km² Elliott Copper Project in the Northern Territory
• Option Agreement provides BHP with the right, following the completion of a jointly designed validation program, to enter an earn-in and joint venture agreement to earn up to 75% interest in Elliott by spending up to $22 million over 10 years
• Elliott represents a compelling first mover copper opportunity in a high quality jurisdiction:
- Located at a major structural intersection on the southwestern margin of the Beetaloo Basin
- Contains the key conceptual criteria for the formation of sedimentary copper with the target sequence being undercover and untested
- Standout copper-in-groundwater anomaly which is supported by surface geochemical sampling at Elliott
• Elliott was first identified by analysing new datasets generated by Geoscience Australia, as part of the Federal Government’s Exploring for the Future Program
• Encounter retains 100% control of five other copper projects in the NT covering a further 10,300km²
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This has been a long wait. The ENR has dated
with NCM, IGO and hopefully will have a happy marriage with BHP :)
 
"What makes for a good commodity stew? A dollop of demand strength. A sprinkle of supply concerns. A rising cost curve. Minimal threats from alternatives.

"We see all these ingredients and more for the copper sector and are thus more bullish than both consensus commodity forecasts and the forward curve."
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- Bernstein, US investment firm, September 2020

Follow the money
 
oh dear! :eek:
my low ball Buy may get filled (better check exactly what I'm down for)

Not helpful for the October Comp, though
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missed it @Miner . Was just under 20c

and now a Trading Halt, for Capital Raise. ..... will get it away at 17-18c?
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and .... Strongly supported $6m Placement to fund copper and gold exploration
• Well supported Placement priced at $0.19 a share has raised ~$6 million (before costs)
• Strong endorsement of project generator model and potential of upcoming exploration programs
• Transformational placement to fast-track 100% owned gold and copper exploration and accelerate project generation activities

- pretty good to get away with a small discount. As they say, Market liked it
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Dona Ferentes said:
and .... Strongly supported $6m Placement to fund copper and gold exploration
• Well supported Placement priced at $0.19 a share has raised ~$6 million (before costs)
• Strong endorsement of project generator model and potential of upcoming exploration programs
• Transformational placement to fast-track 100% owned gold and copper exploration and accelerate project generation activities

- pretty good to get away with a small discount. As they say, Market liked it
View attachment 113592
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I am sure you are very happy with your tip now:)
 
today NCM announced the divorce with ENR which has been put very nicely on the announcement as a positive one.
ENR has already done couple other jv so it could be a good for other partners.

With most of my holding being unloaded, I am waiting to see market's reaction.
 
Holding some nice partnerships with IGO and BHP.
Numerous tenements across WA and NT.
Drilling programs in place for the next six months.
Assay results in major copper/gold project due March.
At this stage does not need to go market for cash.
Actively looking for new partnerships to fund advancing projects in potentially copper rich areas
Copper prices on the move, a nice rise today.
Only just over 300 million share on issue which I really like.
Moving up from a 9 month low with volume picking up.
 
I've got an email from the Managing Director assay results are coming in April. Trucks were delayed due to COVID roadblocks and labs results taking a long time.
 
Levity1996 said:
I've got an email from the Managing Director assay results are coming in April. Trucks were delayed due to COVID roadblocks and labs results taking a long time.
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Probably the assay results were shown to BHP to get them excited for a farm in .
Lets see the market to be notified on assay result as early as Monday. Could ENR board will get a ticket from ASX why it was not announced before the farm in ???
But I have seen ASX to be lenient with some and less lenient with others with no visible action to have been taken off late against any one to be proved as an offender.
Without any blurb, now ENR is flirting with few big players with largest stake is probably from BHP.
I have been always a hopeful and resisted my holding however small it is for long time.
May be ENR could be a tip from me in June . Just a thought as many days are infront to change my mind :)
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Good morning all
I am unsure how market will view and react on this announcement.
The gold is even less than any cut off value.
I have now lost patience as this organization has entered into few excellent JV but yet to deliver to get shareholders excited.
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