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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| ENK | ENK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 19.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 19.25 | 19.25 |
| Top Posts |
|---|
Posted at 05/9/2012 06:30 by togglebrush Yesterday was NOT the FAT LADY singing just a Poker Player SWORD RATTLING By my Calculation, using a back of a Beet Mat, the position is roughly:- Shares owned___________Time of Offer The %____Y'day_______The % Offeror Original_______30,47 Offeror Bought since_______________ Undertakings Original__88,769,093 Undertakings Added_______________ ' Major Investors_______134, Private Investors_______8,03 ==================== Total_______________ Errors and Omissions excepted Bear in mind that Montoya Investments, largest supporter and shareholder, made substantial share purchases in Mid-September 2011 when share price was around 16.75 per share and so has only a small profit advantage. Other concert party members may also be vulnerable to higher offers. Assumes small Private Investor holding has all but disappeared The twenty or more Major investors have muscle and legal departments, Hence may be less inclined to be worried by Aggressive Asset Strippers. |
Posted at 27/8/2012 17:41 by metex Togglebrush....agree with you!Because there is absolutely no "excuse" for the BFS....not being available this week....when you`ve got £20m in the Bank....and your company is in....the situation it is....and you should be doing your very best....for all your investors....DYOR. |
Posted at 25/8/2012 14:34 by metex Togglebrush....thankThe P.I. "No vote" Campaign....is doing a fantastic job....but believe....as you....it will be the "rump"....of the "None DMCI/D&A camp"....the larger Institutional Investors....plus the Directors....(exclud |
Posted at 09/8/2012 14:35 by metex frogkid....just making the point....that as of last evening....they only controlled 45.5% of ENK....and as of 31st July 2012....86.14% of total share issuance....were held by top holders.Therefore 86.14% - 45.5%....= 40.64% of them not pledged to bidders....therefore 40.64 + 13.86%....(13.86& held by private investors)....equals maximum opposition = 54.5%. Believe investors will hear more from DMCI....in the short term....if they have convinced more to join them. Awaiting news from ENK!....DYOR. Edit: mdr128....hadn`t seen your post. Togglebrush....don`t think the code applies. |
Posted at 09/8/2012 13:58 by metex Remaining ENK shares....not all in hands of the Private Investors....check what appears to be a very recently updated list....on ENK`s website:Top 20 Shareholders (at 31 July 2012) No of Shares/CDI's % of share capital 1 PERSHING NOMINEES LIMITED 47,805,809 18.24 2 W B NOMINEES LIMITED 31,528,565 12.03 3 AAA AUSTRALIAN CONTROL ACCOUNT 29,915,030 11.41 4 LYNCHWOOD NOMINEES LIMITED 26,318,020 10.04 5 VIDACOS NOMINEES LIMITED 18,440,327 7.04 6 GOLDMAN SACHS INTERNATIONAL 8,977,396 3.43 7 CHASE (GA GROUP) NOMINEES LIMITED 8,041,869 3.07 8 JAMES CAPEL (NOMINEES) LIMITED 7,566,658 2.89 9 TD DIRECT INVESTING NOMINEES (EUROPE) LIMITED 7,438,522 2.84 10 THE BANK OF NEW YORK (NOMINEES) LIMITED 7,333,000 2.80 11 BARCLAYSHARE NOMINEES LIMITED 5,050,384 1.93 12 THE BANK OF NEW YORK (NOMINEES) LIMITED 4,552,257 1.74 13 PERSHING NOMINEES LIMITED 4,018,850 1.53 14 L R NOMINEES LIMITED 3,497,047 1.33 15 KBC SECURITIES NV 3,054,978 1.17 16 HSBC CLIENT HOLDINGS NOMINEE (UK) LIMITED 2,846,288 1.09 17 INVESTOR NOMINEES LIMITED 2,824,244 10.8 18 SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) 2,696,526 1.03 19 EUROCLEAR NOMINEES LIMITED 1,992,104 0.76 20 STATE STREET NOMINEES LIMITED 1,877,915 0.72 Totals: Top 20 holders of ENK PLC 225,775,789 86.14 Total Remaining Holders Balance 36,328,214 13.86 |
Posted at 30/7/2012 07:44 by metex Mattybuoy....this RNS outlines the situation regarding Montemina....(deal done)....and Chromite assets at Acoje:Zambales Diversified Metals Corporation ('ZDMC'), holder of the Acoje tenement and a subsidiary of ENK, for the exploration of chromite and other underground minerals on the Acoje tenement. GHGC involved in both: Similar share price action in Oz....on release of potential Acquirer statement there....plus....rel General link to ASX....for reference: Two big clues maybe....to the fact that this potential bid has materialised now....(and shouldn`t have come as a surprise)....and who might be interested in ENK: 1/ The speed and prioritising of management resource time....on cleaning the books up....regarding non-core assets....especially the Berong and TMC assets. and: 2/ The involvement of GHGC in the Chromite asset development at Acoje. But it`s the "big clue"....to the question....that all ENK investors want answering....i.e.... Well....just surmising....but why not go back to the 25th June 2012....and the RNS that day....The Grant of Options RNS....and the timing of it: 25 June 2012 - ENK plc ("ENK" or the "Company") (AIM, PLUS, ASX: ENK) announces that on 21 June 2012 the Board of the Company agreed, subject to shareholder approval, to issue 2,000,000 options to Managing Director Robert Gregory for no consideration, and 1,500,000 options to Finance Director Mark Hanlon for no consideration (the "Options"). The Options have been granted on the following major terms: -- Term of 5 years -- Exercise Price of 16 pence -- Vesting conditions: -- 1/3 exerciseable when the share price has traded at 24 pence or higher for 10 consecutive trading days, but in any event no earlier than 12 months from date of issue, -- 1/3 exerciseable when the share price has traded at 32 pence or higher for 10 consecutive trading days but in any event no earlier than 24 months from date of issue, and -- 1/3 exerciseable when the share price has traded at 48 pence or higher for 10 consecutive trading days but in any event no earlier than 36 months from date of issue. If shareholders approve the issue of options at the Annual General Meeting of the Company on 30 August 2012 the resultant beneficial ownership of Mr Gregory and Mr Hanlon is set out below: Name Number of Options Total number Current Shareholding Percentage Granted of options following in ENK of Issued grant Share Capital Rob Gregory 2,000,000 4,000,000 1,235,000 0.47 ------------------ -------------------- Mark Hanlon 1,500,000 3,000,000 776,800 0.30 ------------------ -------------------- As of the date of this announcement no options have vested. Again....total speculation....but could something around the 48p figure....(presently not granted....earlier than the third year)....probably be a figure....that would at least satisfy two Directors....the majority of main institutional investors....and perhaps quite a few ENK investors too! Note....if it is GHGC....then the returns from Acoje Chromite assets alone....would probably easily cover....both the purchase of ENK....and the construction of the Acoje processing plant. Might be an interesting few weeks now....in the run up to the AGM....on the 30th August 2012. As usual....time will out!....all IMHO and DYOR. |
Posted at 28/7/2012 13:06 by metex ian50....re: Golden Harvest Global Corporation....answeThere are many synergies....between the two companies. It`s all conjecture....but a deal for GHGC....would be perfect....and the timing....fits in with the thinking....of pre-empting any potential off-take agreements....to be signed by ENK....with parties not within GHGC`s sphere of operation. Also....the knowledge....that it would be a local Philippines company....that would be developing Acoje....wouldn`t necessarily have any impact....on the ECC amendment process. If they took out ENK....they wouldn`t necessarily then....have to potentially fork out....the $20m later....for the Chromite assets at Acoje either....as they already have the Acoje Chromite deal with ENK....so they would be effectively be paying....the $20m up front. With GHGC having picked up a hefty chunk of ZCMC....for a pittance from Montemina IMHO....why shouldn`t they add the rest of it....plus....a future nickel processing plant....with the tank leach process....and millions of dollars worth of Chromite ore....at Acoje. While through GHGC`s present nickel and chromite businesses....they already have good established off-take contacts....(who could possibly fund the Acoje build)....and GHGC could then....in the future....also process their own....other nickel laterite deposits....through the new Acoje Processing Facility. As Winston Churchill....is famously supposed to have said....as a final riposte: "Madam....we have already established what you are....we are now just haggling over the price!" (No gender offence intended). Maybe that`s where ENK are....at this moment in time....as such a deal....makes a lot of sense....from GHGC`s point of view....however....d So out with the "fag" packet!....and for the moment....putting any NAV and NPV calculations aside. 1/ The first $40m....(cash pile now....and receipts coming later)....of any bid....will be received by the acquirer....on conclusion of any deal. 2/ If it is GHGC....(or someone else)....then approx $20m....can be added for Acoje Chromite assets....which was the figure mooted in the recent Chromite deal. 3/ Acoje project plus ZCMC....with Caldag sold for $40m....but Acoje (a known better project than Caldag)....plus the other part of ZCMC....therefore approx price tag of $80m to be added. 4/ Technology for both Tank Leach....and Heap Leach....price tag difficult....but taking into account monies spent on developing technologies....pric So even using the back of a cigarette packet calculation....$40m + $20m + $80m + $30m = $170m....this equates to a share price of approximately 40p....which should be the minimum price IMHO....that ENK management should even start to consider. (*Note....there`s also a slim chance....that the real indentities....behin Have no knowledge of it....but are GHGC (or A.N.Other)....behind Montoya....or other investment vehicles....for instance?) But the biggest unanswered question....for this investor though....should an actual offer....be placed on the table....is whether ENK management really do have the determination and will....(irrespectiv Would prefer to see Acoje project developed under ENK`s wing....over the next few years....but even for long term suffering ENK investors....if a bid price does come in....that is perceived to be more than reasonable....believ |
Posted at 01/3/2012 12:37 by metex "First of March Reflections"....(or.A different slant perhaps....on what might be happening at ENK. Funny isn't it....the perception of standards and ethics....in working life? If a local tradesman....told you stories on the same lines as ENK management....and kept failing to deliver on time....and keep you informed....the least you would say is....that person is very unprofessional....at most....a con man! Have a "big boss" title....and few letters behind your name....then that sort of behaviour....in some strange way....becomes acceptable. Double standards....eh? To be fair to the ENK management....they are involved in a totally different industry....but that shouldn't stop ENK investors....still reflecting at this juncture....that there doesn't appear to be any real incentive....for the ENK management....to move Acoje forward....at any sort of pace now. That's perhaps because....they were originally expecting to be involved in at least two projects....i.e. Caldag and Acoje....which would probably have kept them at the company....twice as long....hence twice as many years. So the chasing of shipping companies....for drill core sample delivery....assay results....then computer modelling for the JORC results....isn't necessarily now....going to receive the same level of intensity or urgency....as in the past. While a "new strategy" perhaps....of starting with a smaller production plant at Acoje....only to expand it later....and significantly extend Acoje construction timelines....would have to suit them too! Given their considerable salaries and expenses....(and presumably family commitments)....who wouldn't want to "string it out"....especially if there are no apparent set deadlines....for Acoje to go into production. So perhaps ENK investors shouldn't be surprised....at the release....(amongst other things)....of the inevitable RNS...."The BFS will be delayed until etc....due to third party etc....blablabla! etc". Time will out!....but perhaps more slowly....than ENK investors had originally envisaged....DYOR. PS: "Received email confirmation today....from the Guinness Book of Records....that Acoje will indeed be....the "slowest"...."fast tracked" BFS on record". 8o). |
Posted at 17/1/2012 23:00 by metex richscotsman....AcojThink $9/lb Ni price....would probably be ok....but only if ENK investors get confirmation....that there's enough of it....in the ground at Acoje! Believe that the original Acoje JORC resource figures were arrived at....by a slightly more unconventional method than the norm....using a combination of techniques....includ Now hope....that there are no serious discrepancies...betw The new ENK management....(can't pin this Acoje JORC announcement delay....on Mr Purkiss now)....have a responsibility to manage shareholder expectations....thro Irrespective of the Chairman's "soon" comment....in the Interim Financial RNS dated 9th Dec 2011....what did they tell investors in the Operational Report RNS....dated 31st October 2011: The Acoje drilling program of 124 holes totalling 1,736m, which commenced in June 2011, was completed on 21 October. Snowden Mining Consultants of Perth will be incorporating these results into a revised resource estimate for Acoje, which is expected to be completed prior to the year-end. So what's happening? Last week....a Director left the Board....with immediate effect! The share price....following it's latest leg down....now values all ENK's non cash assets....at less than 3 million pounds....attributin Think it's ENK management's professional duty now....given the poor communications record of the company in the past....to inform investors....either indirectly....throug Without clarification....ENK investors are once more condemned....to the grey world of speculation. So why the delay....is it? 1/ The Acoje JORC resource has been delayed because of the holiday period? 2/ "Ditto"....the new economics report for ATL process for Acoje? 3/ A negative Acoje JORC resource outcome? 4/ A negative new economics report for the ATL process at Acoje? 5/ The Test Match in Perth only ended last week....JORC report picked up there Monday morning....just arrived in Manila....in ENK management "hand luggage"?....holiday over....RNS out soon!!!! Sorry....but whatever it is....it's appears to be....the same old bad...."business as usual". But may be....it's just simply....a language problem? So will try: G'day Sandgropers....it really is time for an update....and perhaps...."a Ripper, you little!" Fingers crossed then!....DYOR. TMC....thanks....yes |
Posted at 27/10/2011 10:34 by metex Well! Well!One minute ENK's saying "goodbye to a project"....and then next....it's potentially saying "goodbye to a process!". Things do have to change naturally as market conditions dictate....that's business....and understandable....bu What does this really mean? : Although final assay results are outstanding, initial assays of the NHP at bench top level have contained approximately 49% nickel and 4% iron. Information given....but gives no context of the Ni and Fe levels quoted....leaving investors to surmise....that they are therefore not good! Plus....don't ENK investors have a right to know that the main "processing method" might be changed....by being informed "earlier" that a change of process is under consideration because of market demands....(or perhaps not market demands)....but because inferiority of heap leach process....compared to another....in regard to the type of ores at Acoje: Test work also continues on Atmospheric pressure Tank Leach (ATL) upstream processing in China with encouraging results to date. (Were ENK investors ever told about this work????) Followed by: ATL is an alternative leaching process to Heap Leaching. The ATL test work will be completed by late November. A decision on which leaching process will be taken forward to the BFS will be made at that time. (As investors were told that "trial heap leach information"....woul It now appears from the outside....to be a confused situation....with no information for instance....regardin The "Heading" of today's RNS reads: First Nickel Production from Pilot Plant Should have read....as it states in one of the paragraphs of today's RNS: "The Acoje Bankable Feasibility Study ('BFS') for an atmospheric nickel leaching project remains on track to be completed in the second quarter of 2012". (Notice it is now quoted as...."an atmospheric nickel leaching project"....not "a nickel heap leach project"). Seems the "fog" from Caldag....has now drifted over Acoje....for whatever "strategic" reason/s. Some of those "strategic" reason/s perhaps....can be best gleaned....(as previously mentioned)....by a thorough reading of the Acoje PFS....particularly the "risks to project" section....DYOR. |
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