Australian (ASX) Stock Market Forum

ENR - Encounter Resources

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Ann said:
Up and over Miner! :)

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:) :) :) - should have tipped it for March as I lost my crystal ball. On a serious note, back in September I discussed with my mates in Telfer mines and wrote note to some of the top guys in Newcrest, that we needed to boost up ENR by having full acquire and take the leverage of their excellent ore body and the low share price by offering the operating plant, airport, infrastructure, power, water and experienced personnel. The response on the front came that we do not take risk unless we are convinced. I now felt that was a BS to dodge me and instead they were seriously working towards it. Poor me, should have sold my house and invested on ENR !!!! Of course kidding as no one can predict a Lotto nor gambling like speculative stocks to build up their home. It could well dive down to square one soon today itself.
But for a change brain has worked to some extent, whereas it did not work on AGO, FAR, GID and few others.


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Miner said:
:) :) :) - should have tipped it for March as I lost my crystal ball. On a serious note, back in September I discussed with my mates in Telfer mines and wrote note to some of the top guys in Newcrest, that we needed to boost up ENR by having full acquire and take the leverage of their excellent ore body and the low share price by offering the operating plant, airport, infrastructure, power, water and experienced personnel. The response on the front came that we do not take risk unless we are convinced. I now felt that was a BS to dodge me and instead they were seriously working towards it. Poor me, should have sold my house and invested on ENR !!!! Of course kidding as no one can predict a Lotto nor gambling like speculative stocks to build up their home. It could well dive down to square one soon today itself.
But for a change brain has worked to some extent, whereas it did not work on AGO, FAR, GID and few others.


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Gees - did not follow ENR closely for a while.
Noticed few changes - from march price of 11.5 cents now the stock has plummetted to 6.2 cents today 25 June. Lots of good news, 5 JV with Newcrest, solid gold discovery, IGO participation - all good but not for shareholders in term of return. Volume is also insignificant. Would lady luck ever look:( at ENR and convince Newcrest or IGO to enhance their holding?
https://www.asx.com.au/asxpdf/20190605/pdf/445m4rmd960plt.pdf
 
Looks like no one wants to know about ENR:)
https://www.asx.com.au/asxpdf/20190703/pdf/446ccdjflsnpn9.pdf
I am still a believer on its strength of ore body, infrastructure sharing with Newcrest, Rio and NCM interest on it, airport, spare milling capacity by 2022 (when Telfer mine is going to finish producing or Macmahon possible court case (speculation:) for more money stops Telfer) then ENR is to go for :)
 
Miner said:
Would lady luck ever look:( at ENR and convince Newcrest or IGO to enhance their holding?
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I think they need some decent drill results from their exploration targets before I'd get excited. Obviously have lots going on this year but there doesn't seem to be anything even close to been a potential 'tier 1' prospect, as they're after. Still a minnow that might only take a couple of good strikes to re-rate. One to watch.
 
kennas said:
I think they need some decent drill results from their exploration targets before I'd get excited. Obviously have lots going on this year but there doesn't seem to be anything even close to been a potential 'tier 1' prospect, as they're after. Still a minnow that might only take a couple of good strikes to re-rate. One to watch.
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https://www.asx.com.au/asxpdf/20190708/pdf/446g85fnybr3dc.pdf
Some miners are getting interested now :)
 
barney said:
Should have been listening to you call back then Miner … it's been a nice extended rise since:(:)
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@barney
I dont believe on myself and often get derailed. So dont listen to me.
Some how my hunch says ENR is on way to north. May be 4 months?
Normally when I sell prices go half. So unloaded about half today before punting. I know historically after my sell execution enhances the price.
 
Miner said:
https://www.asx.com.au/asxpdf/20191204/pdf/44c8btd5w28844.pdf
ENR is still my choice for January with a hope by Australia Day, there would be some drilling update or acquisition mode. Newcrest at Telfer is sinking and ENR is damn cheap for them to take over.
@Joe Blow would this suffice for me to enter into January tipping ?
Thanks
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Looking back what I said in Early Jan, about the drilling result. Yes, it came earlier than Australia Day but with less than average result. At least I was right on 50%.
I do have a bright idea. Buy a high value Lotto for this Thursday. If I win then I will keep half for my family and with rest, will buy bloody ENR company . Ask some top notched CEO to be one of the non executive directors. Price will shoot off. Sale off and catch fish in Hillarys Boat Harbour
Just kidding with my day dreaming idiosyncrasy :)
 
https://www.asx.com.au/asxpdf/20200304/pdf/44fr20tryxf53d.pdf
ENR is still under trading halt. IGO put a pocket money to try out Paterson's area exploration.
Exploration starts in April/May - so market will be at sidelines.
What is interesting, already two companies are working on that area. So ENR is me too entrant with a leverage of advanced exploration technology (It is unclear to me what that could be and if every other has the same technology) and 1500 m2 area under its tenement. The nature of polymetal is also challenging in terms of processing cost . Technically another two years of waiting from exploration to near term mining if and only if the exploration is good.
Watched the price change of IGO - it went down. I am speculating ENR will get some upside movement when it opens for trading on Thursday.
Having said, if not, God saves the ENR and its holders :(
 
Miner said:
https://www.asx.com.au/asxpdf/20200304/pdf/44fr20tryxf53d.pdf
ENR is still under trading halt. IGO put a pocket money to try out Paterson's area exploration.
Exploration starts in April/May - so market will be at sidelines.
What is interesting, already two companies are working on that area. So ENR is me too entrant with a leverage of advanced exploration technology (It is unclear to me what that could be and if every other has the same technology) and 1500 m2 area under its tenement. The nature of polymetal is also challenging in terms of processing cost . Technically another two years of waiting from exploration to near term mining if and only if the exploration is good.
Watched the price change of IGO - it went down. I am speculating ENR will get some upside movement when it opens for trading on Thursday.
Having said, if not, God saves the ENR and its holders :(
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Looks nice as a temporary relief in a depressed market today after trading halt is removed. But it has been a roller coaster for ENR. It takes a steroid jumps up, low volume and then returns to back to square one :).
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I just liked your post a year ago saying that you should have entered it in for March comp...de ja Vue!
Didn't see the year!
You would be in first place at around 38?% ...I think! I noticed it had shot up... hope it's paying off for you Miner. Sounds like it's been a long journey, perhaps?
Cheers.

F.Rock
 
frugal.rock said:
I just liked your post a year ago saying that you should have entered it in for March comp...de ja Vue!
Didn't see the year!
You would be in first place at around 38?% ...I think! I noticed it had shot up... hope it's paying off for you Miner. Sounds like it's been a long journey, perhaps?
Cheers.

F.Rock
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Too long a journey perhaps. The volume is very low to make a sustainable trend. May be 2024 or when I decide to sell off and then some one offers to take over. Bloody Corona will savage it on Monday.
 
Miner said:
Too long a journey perhaps. The volume is very low to make a sustainable trend. May be 2024 or when I decide to sell off and then some one offers to take over. Bloody Corona will savage it on Monday.
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You never know on Monday...
If the gap gets filled with some support... it may get interesting.
Or not... fickle wishy washy market's.
Recent weeks volume picking up...
I don't have any emotional attachment to it, but have been observing it somewhat.
 
frugal.rock said:
You never know on Monday...
If the gap gets filled with some support... it may get interesting.
Or not... fickle wishy washy market's.
Recent weeks volume picking up...
I don't have any emotional attachment to it, but have been observing it somewhat.
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@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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