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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| ENK | LSE:ENK | London | Ordinary Share | GB00B3XPFJ68 | ORD 4P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 19.25 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 19.25 | GBX |
European Nickel (ENK) Share Charts1 Year European Nickel Chart |
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1 Month European Nickel Chart |
Intraday European Nickel Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 30/11/2012 | 09:57 | Euro Nickel - low cost heap leach Ni/Co production | 7,750 |
| 15/7/2012 | 08:57 | European Nickel PLC | 4,207 |
| 13/6/2012 | 08:04 | Euro Nickle | 297 |
| 01/2/2011 | 07:49 | European Nickel's (Enk) Growth Analysis | 8 |
| 30/12/2010 | 09:58 | Good nickel play | 15 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 17/8/2012 13:26 by metex stevi111....have believed for a long time....especially over winter....that there was some other reason....why the share price....never reacted to relatively positive news.Others here too!....commented on this share price "none reactive" behaviour....so your comments don`t come as a surprise. Who is specifically responsible....for the share price inaction....ENK investors may never know....but if this derisory takeover....does goes through....at 19p....don`t think it will be the end of the matter. Have a lot more to say on this subject....but "keep your powder dry"....is always a good adage....DYOR. |
Posted at 09/8/2012 11:17 by metex Giant Steps...."ENK will probably....still be ENK"....so Berong completion....shouldStill nothing from ENK....remembering that no official offer has been made in writing to shareholders....from DMCI/D&A Income. Remember what ENK said in the RNS....dated 27th July 2012: "Further updates will be made as appropriate". For the moment....it`s a waiting game....because most of DCMI`s backers....purchased ENK shares....at a lower price level....than 19p....while quite a few others....bought at much higher levels....and could be talking to each other. ENK said on the 27th July 2012....that talks were at an early stage....well 12 days later....DCMI are out very quickly....looking to pick up more support....and that means "shares"....while having the ENK board "over a barrel". This from yesterday`s RNS: 4. Recommendation The Independent Directors (being Peter Rowe, Robert Gregory, Mark Hanlon, Paul Lush and Neil Herbert) believe that the Offer comes at a favourable time for the Joint Offerors when the shares are depressed by the current state of the equities market and ahead of the release of the bankable feasibility study on the tank leach project at Acoje in the Philippines. Despite these factors, the Independent Directors unanimously intend to recommend that, in the absence of a superior proposal, ENK Shareholders should accept the Offer. In arriving at the above recommendation, the Independent Directors are cognisant that the Joint Offerors either own or have received irrevocable undertakings to accept the Offer in respect of approximately 45.5 per cent. of the issued share capital of the Company and the strong likelihood that they would be successful in replacing the ENK Board and influencing the strategy of the Company should they wish to requisition a general meeting of the Company. The Independent Directors also do not believe that it would be in the best interests of ENK Shareholders to remain in a minority equity position in a company where there may not be liquidity or an opportunity to sell their shares. In these circumstances, the Independent Directors consider that, in the absence of a superior proposal, the Offer is in the best interests of ENK Shareholders as a whole. Guy Walker, a non-executive director of ENK, is a nominee of Montoya Investments and D&A and is not regarded as being independent in relation to the Offer. Accordingly, Mr Walker has not participated in any of the deliberations of the ENK Board in relation to the Offer. Hence patience is probably the name of the game now....as the next announcement from ENK....could probably be....the most important....either way....DYOR. |
Posted at 09/8/2012 09:34 by metex Caution has to prevail IMHO....as DMCI....have done everything in their statement....to ensure ENK management don`t work tactically....to stave off their offer.There is a clause in yesterday`s RNS....that states....that if the ENK management gave out a special one off dividend....during this time....that would be deducted from their share price offer....should they win this game. So there are still things to play for....at the moment....and a third party bid....allowing a special dividend for ENK investors....from the cash in hand at ENK`s bank....might....(an |
Posted at 08/8/2012 19:18 by metex So it`s happened....well and truely stitched up!puffintickler....Mr Walker has agreed as well: APPENDIX III DETAILS OF IRREVOCABLE UNDERTAKINGS The following ENK Shareholders have irrevocably undertaken to accept the Offer in respect of the Ordinary Shares set out below: Name Number of Ordinary % of issued share capital Shares Montoya Investments 47,805,809 18.24% ------------------- -------------------- Corporate Foresight 19,500,000 7.44% ------------------- -------------------- Star Bird Holdings Limited 17,763,284 6.78% ------------------- -------------------- Gina Suzanne Edwards 3,700,000 1.41% ------------------- -------------------- Total 88,769,093 33.87% ------------------- -------------------- Nice move by our management....to take us out from under the safe umbrella....of the UK Take Over code....while some ENK investors....might still have the opinion....that the Acoje JORC resource delays....kept the share price quiet over winter. Given the last RNS re potential offer....surprised Mr Gregory....and Mr Hanson....have caved in without a fight....there must have been a good reason. Disgusted....very disappointed....but this was not unexpected. Time out....for further thought!....DYOR. Might be useful....if contact email addresses of ENK....their Directors....FSA.... |
Posted at 30/7/2012 09:50 by metex ian50....you also mentioned that third party interest....might make the situation interesting....but the pre-emptive action....of GHGC re: ZCMC....and the Acoje Chromite assets....has reduced that possibility IMHO.Because should it be GHGC....ENK investors shouldn`t forget....they are a "de facto" off-take company in their own right....as they provide the links the final off-takers....so they wouldn`t necessarily want to see another company....in the mix....on their own patch in Zambales....which on the face of it....at least....would make for a messy outcome for them. Hence if GHGC....are going to make an offer....from their side....it makes sense to approach with a bid now....as they would have: 1/ 100% control of considerable new nickel laterite assets....both at Acoje and ZCMC. 2/ A new Acoje nickel laterite processing plant....initially for resources at Acoje and ZCMC....and eventually for the processing of their other Zambales nickel laterite assets too! 3/ To complement....their existing Chromite operations....they would have 100% ownership too!.....of the Chromite assets at Acoje....which would benefit....not only from their Chromite processing expertise....but the profits from which....would theoretically serve....to pay for the purchase of ENK....and the construction of both....an Acoje nickel processing plant....and a Acoje chromite processing plant. So if it is GHGC....then there`s probably a better chance....in this game of cards....that they would meet the ENK BOD`s share price expectations....(thr If it`s not GHGC....then as you say....perhaps they should "come to the party" too!....and quick! Time will out!....all IMHO and DYOR. |
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 27/7/2012 15:44 by metex So as bones30 says....with the present equivalent in the bank....of cash per share of around 10p....an acquirer....on Mr Gregory`s own advice....had better think carefully....about making a serious offer.ENK has substantial nickel laterite assets....which will come at a price....but it also holds considerable non-tangible assets....the technological know-how....to processing....both tropical and non tropical laterites. The timing of the approach....is very interesting....as it precedes the completion of the BFS....and also the obtaining of the amended ECC....but the timing....if it is a serious approach....staves off any potential signed off-take partner deal....which in turn might have been tied to Acoje Project Funding....but more importantly....it "ring fences" the ENK Tank Leach and Heap Leach technologies....from other interested third parties....before they get involved at a practical level. It may just be a last ditch attempt....to pick up ENK on the cheap....before the last big hurdles are cleared....in a world economic climate....that might encourage many ENK investors to cash in their chips on the cheap....but the strong response issued today by Mr Gregory....leaves no doubt in the mind of the potential acquirer IMHO....that ENK maybe up for sale....but only at the right price....DYOR. |
Posted at 25/7/2012 08:21 by metex So although all eyes are probably on the BFS completion....planneThe soon expected Quarterly Report....give should give ENK management`s reaction....to the recently passed....new Mining Policy....along with an update on the drilling at ZCMC....for an Indicated JORC resource there....and of course....an update on the BFS. Also expected in the next few weeks....is an announcement on the receipt by ENK....of the $2 million from Montemina....through the terms of the Partner sale at ZCMC....under which the monies should be paid....by GHGC to Montemina....by latest 15th August....(although the balance of the monies for the Berong assets sale.... being US$5,896,800....is now due....by no later than 30 December 2012). News is also due on the Abogado assets. As under a Deed of Assignment of the Abogado exploration permit....and recently agreed new terms....(due to the state of world equity markets).....the Company agreed to amend the terms for the second payment of US$300,000....and provision of US$2.0m in listed company shares....to be payable by early July 2012. News on the metallurgical report....to be produced by the Natural History Museum in London....after analysis of the NHP produced by the ENK Pilot Plant....and to be sent to potential end users and future off-take partners....should also be available soon. The forthcoming Quarterly Report....should be quite an important RNS....as any Gremlins in the build up to the completion of the BFS....should now be known.....hence the market response to it....could potentially....furth |
Posted at 04/7/2012 13:40 by metex Sold to TMC....Berong final payment by 30th Dec 2012:4 July 2012 - ENK plc ("ENK" or the "Company") (AIM, PLUS, ASX: ENK) is pleased to advise that, in accordance with the terms of the Berong Nickel Corporation Shareholders Agreement ('SA'), Toledo Mining Corporation plc ('Toledo') has exercised its pre-emptive rights in respect of the sale of ENK's 18.7% interest in Berong Nickel Corporation ('BNC'). The other shareholder of BNC, Atlas Consolidated Mining Corporation did not exercise its pre-emptive rights in accordance with the SA. In accordance with the terms of the SA, the Company has received a non-refundable deposit from Toledo of US$655,200, being 10% of the purchase price of ENK's BNC interest. The balance of the US$6,552,000 purchase price, being US$5,896,800, is due by no later than 30 December 2012. |
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