ENK

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ENK RNS Press Releases

Page 1 of 82

PROACTIVE NEWSWIRES

Page 1 of 14

08/05/12
ENK to sell stakes in Toledo and Berong Nickel for £4.5 million
18/04/12
ENK appoints Guy Walker as non-exec director
16/03/12
ENK appoints industry veteran as COO
15/03/12
ENK 's nickel resources at Acoje jump by a third - Update
15/03/12
ENK 's nickel resources at Acoje jump by a third

06/12/11

06.12.11 :-0.12, (12.13) Evolution Securities reiterates it "buy" recommendation and 50p price target.

06.12.11 :-0.12, (12.13) Evolution Securities reiterates it "buy" recommendation and 50p price target.
15/09/11
+2.50 +16.75

Press: ENK rose after it announced a deal to sell its Caldag project in Turkey for GBP25m to an unnamed local firm. Work on Caldag, which is... read more

Press: ENK rose after it announced a deal to sell its Caldag project in Turkey for GBP25m to an unnamed local firm. Work on Caldag, which is projected to deliver 20,000 tonnes of nickel when operational, was put on hold last December after the company experienced persistent delays in getting a forestry permit. ENK - formerly known as European Nickel ? said it will use the cash to develop its Acoje project in the Philippines. Fairfax analyst John Meyer said: ?The deal allows ENK to move on and leave the problems of permitting Caldag in Turkey to a local group.? Source - Mail
08/07/11

Share Tip: 08.07.11: -0.88, (14.50) Share Tip: Investors Chronicle - Sell - BEAR POINTS Key Turkish project on hold - Dull outlook for nickel price... read more

Share Tip: 08.07.11: -0.88, (14.50) Share Tip: Investors Chronicle - Sell - BEAR POINTS Key Turkish project on hold - Dull outlook for nickel price - Philippines project unproven BULL POINTS Substantial resources - Low-cost processing
10/12/10

Press: 10.12.10: -8.00, (23.50) Press: European Nickel fell after saying it had put its Caldag project in Turkey on care and maintenance... read more

Press: 10.12.10: -8.00, (23.50) Press: European Nickel fell after saying it had put its Caldag project in Turkey on care and maintenance prompted by Turkey?s denial of a forestry permit. ?We believe that it is doing the right thing in focusing its efforts in the Philippines given the significant delays,? said house broker Evolution Securities, which retained its 55p valuation on the shares. Source - Financial Times
13/03/09

IC says Buy (8p): 13.03.09: -0.62, (5.88) IC says Buy (8p): BULL POINTS Core Turkish project has secured funding - Attractive valuation - Promising... read more

IC says Buy (8p): 13.03.09: -0.62, (5.88) IC says Buy (8p): BULL POINTS Core Turkish project has secured funding - Attractive valuation - Promising prospects elsewhere BEAR POINTS Nickel price is depressed - Project execution risk.

30/04/12

ENK says feasibility study at Acoje progressing well, brokers say shares are undervalued

Nickel explorer ENK is to build its Acoje project in the Philippines over two stages to focus on the higher grade ore first.
21/12/11

ENK to use cash buffer to accelerate Acoje construction

ENK's sale of the Caldag mine will enable it to focus solely on getting its Acoje project in the Philippines up and running, managing director Rob Gregory told Proactive Investors.
16/11/11

ENK should be in good negotiating position for Acoje financing, says Evo

ENK should be in a good position when it comes to negotiating project finance options for the Acoje nickel project, according to analysts at Evolution Securities. The comments come as the firm received the outstanding US$34 million from the sale of the Caldag project.
27/10/11

ENK’s first nickel product at Philippines pilot plant is “a great development”

Evolution Securities, ENK’s house broker, hailed the achievement and reiterated its ‘buy’ rating for the shares as well as its 50 pence price target
15/09/11

UPDATE: ENK shares boosted as Caldag sale frees up cash for Acoje nickel project

ENK has made rapid progress on Acoje since Caldag was put on care and maintenance last year. Now with a £25 million cash injection it can complete the bankable feasibility study, which is on-track for mid-2012, without asking shareholders for more money.

Date	Director	Trans	Amount	Type	Price(p)	Value (£)	Holding	%
18/01/12	T.M.S. Hanlon	BUY	100,000	ORD	11.50	11,500	776,800	0.30
16/12/11	T.M.S. Hanlon	BUY	200,000	ORD	12.00	24,000	676,800	0.26
15/09/11	R.G.M. Gregory	BUY	25,000	ORD	17.50	4,375	1,235,000	0.47
12/04/11	R.G.M. Gregory	BUY	73,238	ORD	16.00	11,718	1,210,000	0.46
31/03/11	J.W. McManus	BUY	100,000	ORD	15.50	15,500	100,000	0.04

BASIC RESULTS INFORMATION

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Date	Type	Profit	EPS (p)	Currency
30/09/11	Interim	-6.92	-0.80	USD
31/03/11	Full year	-76.50	-4.00	USD
30/09/10	Interim	-5.19	-3.20	USD
31/03/10	Interim	-6.89	-1.40	USD
30/09/09	Full year	-14.37	-3.00	USD

Additional Information

Share Price

9.38p

Change

0.13

Volume

100,000

Dividend

0

EPS

-4.00

Shares

262.1 m

Offer

9.50

Bid

9.25

Avg. Vol

1,157,595

Yield

0.00

P/E

-3.10

Mkt Cap

24.6 m
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ENK

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ENK says feasibility study at Acoje progressing well, brokers say shares are undervalued

ENK to use cash buffer to accelerate Acoje construction

ENK should be in good negotiating position for Acoje financing, says Evo

ENK’s first nickel product at Philippines pilot plant is “a great development”

UPDATE: ENK shares boosted as Caldag sale frees up cash for Acoje nickel project

Sector: Mining