Proactiveinvestors United Kingdom ENK articles

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

Mon, 30 Apr 2012 10:29:00 +0100

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

ENK to use cash buffer to accelerate Acoje construction

Wed, 21 Dec 2011 11:39:00 +0000

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.

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

Wed, 16 Nov 2011 10:55:00 +0000

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.

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

Thu, 27 Oct 2011 14:23:00 +0100

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

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

Thu, 15 Sep 2011 14:32:00 +0100

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.

European Nickel deserves fresh look, says Evolution

Fri, 01 Jul 2011 11:24:00 +0100

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.

European Nickel: Analysts say US$2.84 mln Caldag refund will boost Acoje development

Mon, 28 Mar 2011 12:00:00 +0100

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.

Evolution remains a buyer of European Nickel in the wake of Turkish setback

Fri, 10 Dec 2010 13:17:00 +0000

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.

European Nickel's Purkiss says bureaucracy and politics to blame for delays in Turkey

Fri, 10 Dec 2010 10:40:00 +0000

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.

New investor gives European Nickel strong lift

Mon, 12 Jul 2010 13:15:00 +0100

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.

European Nickel looks west for financing

Mon, 17 May 2010 14:26:00 +0100

The would be nickel developer is looking to secure some $350 million in finance to develop a world class laterite mining operation to exploit Çaldağ’s JORC proven reserve of 33.2 million tonnes at 1.13% nickel

European Nickel and Rusina Mining – the sum of the parts

Wed, 07 Apr 2010 08:06:00 +0100

The benefits of a merger to both companies are clear - the combined entity will have a total attributable resource base of 1.35 million tonnes of contained nickel and forecast production of 45,000 tonnes per annum

European Nickel to take over Rusina Mining in all-share deal capped at £27.1 mln

Tue, 02 Feb 2010 16:12:00 +0000

The deal is putting the Caldag and Acoje projects in Turkey and the Philippines under one roof, putting the merged group on course to becoming a significant nickel developer.

Heap leaching of laterites – have European Nickel found the Holy Grail?

Tue, 12 May 2009 07:04:00 +0100

Caldag – after almost 6 years of preparation – is finally about to enter production and will be the world’s very first commercial nickel laterite heap leach operation.