Evolution Securities reckons it is time to take a fresh look at European Nickel following the impairment of its troubled Caldag project in Turkey and argues its shares are undervalued.
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28/03/11
European Nickel: Analysts say US$2.84 mln Caldag refund will boost Acoje development
The junior nickel company has banked a US$2.84 million refund from its shelved project in Turkey and the funds are expected to help it progress its new focus, the Acoje nickel laterite project in the Philippines. Evolution’s Louise Collinge reckons ENK is making progress on a number of fronts and the analyst's 55 pence target price sees a recovery for the shares. Meanwhile Fairfax Securities' John Meyer thinks that Acoje's upcoming heap leach trial will be the key to ENK's sucess.
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10/12/10
Evolution remains a buyer of European Nickel in the wake of Turkish setback
European Nickel has taken charge of its own destiny in moving its focus from the Caldag project in Turkey to its Acoje asset in the Philippines, according to Louise Collinge, mining analyst at Evolution Securities.
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10/12/10
European Nickel's Purkiss says bureaucracy and politics to blame for delays in Turkey
Deputy chairman Simon Purkiss tells us why the company decided to put its Caldag project on care and maintenance to focus on its development in the Philippines.
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12/07/10
New investor gives European Nickel strong lift
Canadian mining investment specialist Hunter Dickenson is buying US$60 million worth of stock at well above the current market value - signalling what deputy chairman Simon Purkiss called the 'end of the pain' after a difficult 2010.