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Enition - Featuring in an interesting reverse takeover deal - opportunities in the Energy sector (ENT)     

SueHelen - 14 Jan 2006 13:25

posts.php?tid=9303#lastreadphp3?id=9303&

PRICE 0.23-0.35 PENCE........14.01.06
TRADES OVER 105,000 SHARES ARE DELAYED IN REPORTING BY 1 HOUR.

Press Mention in the Daily Mail Newspaper on 14.01.06
City & Finance Section.....Page 77.

Priced at less than a penny, Enition attracted a flurry of speculative interest and firmed 0.03 to 0.24p. Turnover swelled to 24m-plus amid speculation that former IT minnow and cash shell is on the verge of featuring in an interesting reverse takeover deal. Enition has 700,000 cash in the bank and has said it is exploring acquisition opportunities in the energy sector.

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SueHelen - 14 Jan 2006 13:27 - 2 of 53

Details of the New Directors - September 2005.

On completion of the Proposed Investment (assuming the Capital Reorganisation is
duly approved by shareholders), Adrian Finn and Anthony Leon will resign as
directors and the following persons will be appointed directors of the Company:

Peter James Greensmith, Chairman, aged 42
Peter Greensmith has over 17 years investment banking experience. He spent
several years at Samuel Montagu and Hill Samuel before joining Dresdner
Kleinwort Wasserstein. At Dresdners he became the COO of the Global Research
Department before being made a director of Dresdner Kleinwort Wasserstein Ltd
with responsibility for European Private Equity and Mergers and Acquisitions. In
2002, he founded and became Executive Managing Director of Libertas Capital
Group plc, a London-based investment bank, focusing on advice and principal
investments in the energy industry, which was subsequently quoted on AIM. At
Libertas, Peter specialised in advising clients seeking to go public in the UK,
and in mergers and acquisitions - with particular focus on the energy sector, as
both adviser and principal. In March 2005, Peter became Chief Executive Officer
of Libra Natural Resources plc, an AIM-listed investment company. He is a Member
of the Securities Institute and FSA registered as Director and Corporate Finance
Advisor.

Peter Greensmith is currently a director of Libra Natural Resources plc,
Vest4Good Limited, King-Coal Corporation Limited and Parvus Capital Limited, and
within the last five years was a director of Libertas Capital Securities Limited
and Libertas Capital Corporate Finance Limited.

John Harold Stirling, Non-Executive Director, aged 42
John Stirling has over 15 years of business development and management
experience. Following several years as a practising engineer, John joined
Deloitte LLP (formerly Deloitte Management Consulting) where he helped Fortune
500 clients in many industries through significant operations improvements.
After seven years with Deloitte, John gained line management experience when he
became Vice President of Operations for an insurance company where he was
responsible for leading a large technical services staff. At the same time, John
joined the board of a power technology startup which he later joined as Chief
Financial Officer and Vice President of Corporate Development. John is currently
pursuing his interests in renewable energy by co-founding T2M Resources, Inc.,
an advisory services firm serving renewable energy companies, where he is
Executive Vice President and Chief Financial Officer. John holds bachelor
degrees in Mechanical Engineering and Economics and a Master's in Business
Administration.

John Stirling is currently a director of Stirling Consulting Services LLC and
T2M Resources, Inc, and within the last five years was a director of Ramgen
Power Systems, Inc.

Jonathan (Jason) Ashley Carey Teichman, Non-Executive Director, aged 40
Jason Teichman has over 20 years experience in the financial markets. He spent a
number of years broking in the international debt and convertible markets.
Following this he spent three years at Collins Stewart Tullett broking U.S.A.
and European Equities. He has spent the last two years working as principal on a
number of mergers and acquisitions and investment projects across a range of
industries and regions.

He is currently a director of Emil Partners Limited and Triple Play Investors
Limited and has held no other directorships or partnerships within the last five
years.

SueHelen - 14 Jan 2006 13:29 - 3 of 53

Directors' shareholdings are as follows (24 October 2005):


Director New ordinary shares New % of issued share
acquired shareholding capital
Peter Greensmith 25,144,730 25,144,730 3.14%
Emma Myers 0 6,670,000 0.83%
John Stirling 25,144,730 25,144,730 3.14%
Jonathan Teichman 25,144,730 25,144,730 3.14%

Following the fundraising, the Company has also been informed of the following
substantial shareholders:

Shareholder New ordinary shares New % of issued share
acquired shareholding capital
Bruce Khouri 37,716,557 37,716,557 4.71%
Maitland Investments Ltd 125,721,854 125,721,854 15.68%

SueHelen - 14 Jan 2006 13:33 - 4 of 53

I like a bit of gamble and this is a very high risk high reward stock. I'm in as off yesterday with 900,000 shares at 0.23 pence. These look to me like a valuable addition to my portfolio.

SueHelen - 14 Jan 2006 13:39 - 5 of 53

Trades over 105,000 shares are delayed in reporting by 1 hour....so all the very biggie buys reported yesterday will show as sells on moneyam as the price moved within the hour of the original trade going through.

The 4.50 million T trade buy at 0.23 pence caught my eye yesterday along with the 3.25 million T buy at 0.23 pence.

I believe someone was in the market yesterday for 7.75 million shares off these yesterday.

SueHelen - 14 Jan 2006 14:20 - 6 of 53

Use this one..... a lot of interest should start building in these from Monday courtesy of the below:

Priced at less than a penny, Enition attracted a flurry of speculative interest and firmed 0.03 to 0.24p. Turnover swelled to 24m-plus amid speculation that former IT minnow and cash shell is on the verge of featuring in an interesting reverse takeover deal. Enition has 700,000 cash in the bank and has said it is exploring acquisition opportunities in the energy sector.

SueHelen - 14 Jan 2006 14:22 - 7 of 53

At the moment now Enition is a cash shell....so no point in looking at ENT's past. There is no business at the moment.

What excites me is the pedigree of the new directors who have joined the board.

jameel06 - 14 Jan 2006 14:24 - 8 of 53

SueHelen, I see alot of buys on friday at .23 rising to .25... I was just keen on seeing what the new management have in stall??? But surely its ambitions to explorew acquisitions opp.'s in the energy sector has been an old committment made my the new management? So what seems to have chnaged? Other than the recent increase in trades? Views as always welcomed?

SueHelen - 14 Jan 2006 14:28 - 9 of 53

The snippet in the Daily Mail today basically points out that ENT is now on the verge of concluding a very interesting reverse takeover deal in the energy sector

I think the snippet on ENT in the Daily Mail Newspaper carries a lot of weight and should lead to further big interest in these next week.

There is no much else to go off.......but some press mention before any news is always welcomed.

SueHelen - 14 Jan 2006 14:32 - 10 of 53

The new management have only been at the helm since late September....so the commitment from them is new as well.....they've raised the cash....had three 1/2 months to explore opportunites....I think in the next couple of months a deal will be finalised and ENT will be a new company with a new business.

The cut off date for cash shells is now end of March so as with other cash shells there will be a lot of developments over the coming weeks....not all of them look tasty but I think looking at the people on the board again....this one could be a nice little earner.

catnip - 14 Jan 2006 14:32 - 11 of 53

Interesting counter - 12408 hits in little more than an hour.

SueHelen - 14 Jan 2006 14:33 - 12 of 53

Hi catnip....ignore the counter for now....trying to get it reset...it's off my DMR thread...the one u know which has been very popular.

jameel06 - 14 Jan 2006 14:35 - 13 of 53

From my reading the the 3.25 million were in fact sells 'T' at 0.23 pence

SueHelen - 14 Jan 2006 14:38 - 14 of 53

Jameel...the trades displayed on the trades page are not always displayed correctly. This is because trades over 105,000 shares in ENT are delayed in reporting by 1 hour.

So if u were to buy 500,000 shares at 0.25 pence on Monday at 09.00 then u have ur 1 hour delay in the trade being reported. If by 10.00 the bid price is at 0.25 pence then ur trade will be marked as a sell.

None of the financial websites have come with a cure to this.

SueHelen - 14 Jan 2006 14:42 - 15 of 53

In the instance of the 3.25 million T trade at 0.23 pence.....u have to work it out if is a buy or sell....A T trade represent a single protected transaction in that an order has been worked through the day at a specific price. We already had the 4.5 million T trade at 0.23 pence which was definitely a buy as the displayed offer was 0.23 pence. The market maker was immediately able to fill that order. In this instance.....the same individual more than likely wanted more shares at the 0.23 pence......but there was a lot of retail buying also going on at the 0.23 pence....so the market makers had to push the price up. So in order to fill the 3.25 million T trade at 0.23 pence one of the market makers purchased around 2-2.5 million shares at the 0.23 pence before the offer price was increased. Later in the day...the market maker which was WINS in this instance used those shares that they purchased to fill that 3.25 million buy at the 0.23 pence price.

Level 2 tool comes very handy to identify trades like these.

SueHelen - 14 Jan 2006 14:50 - 16 of 53

Some more information on Peter Greensmith:

Peter Greensmith, non-executive director, has over 16 years Investment Banking
experience. He spent several years at Samuel Montagu and Hill Samuel before
joining Dresdner Kleinwort Wasserstein where he was the COO of Global Research
Department before being made a director responsible for European Private Equity
and mergers and acquisitions. He is a founder and Executive Managing Director of
Libertas Capital Group Plc, a quoted London investment bank (AIM code: LBR).

Was involved in bringing Libra Natural to the market.....at a issue price of 5 pence a share back in March last year.......now trading at 16 pence (been as high as 18 pence) with some very good prospects.

jameel06 - 14 Jan 2006 14:54 - 17 of 53

I have had a look on website for the Daily Mail briefing but unable to find it anywhere? I wonder what it says exactly? May I ask you something?
What was your methodology in picking out ENT - ie how did you pick it?

jameel06 - 14 Jan 2006 14:56 - 18 of 53

SueHelen, MJR referred to GGGW, any views? How would you compare GGGW and ENT in terms of risk v return..... It seems that although mjr based his judgment on level 2, however I guess if the Mail has also quoted ENT then it gives more weight

jameel06 - 14 Jan 2006 14:58 - 19 of 53

I take your view on the strength of management - especially in M&A work with key investment banks and acocuntancy firms... Another realted point: you mentionned that you bought some shares in ENT but surely if this was done today then your buy will only go through first thing Monday morning?

SueHelen - 14 Jan 2006 14:58 - 20 of 53

Jameel....it is in the newspaper today...page 77. I found it on the pressdisplay website and I have posted the article in the header post.

I was looking at Level 2 on ENT yesterday...the stock was already on my watch list and I have been following events since the new managment were appointed. The article in the Daily Newspaper has proved to be a lucky star and made any assumptions I had yesterday concrete. I am very happy with my purchase now and looking forward to developments over the coming weeks.

SueHelen - 14 Jan 2006 14:59 - 21 of 53

Jameel....I made my purchases in ENT yesterday morning at prices of 0.225 and 0.23 pence.

SueHelen - 14 Jan 2006 15:00 - 22 of 53

Here is the article again:

Press Mention in the Daily Mail Newspaper on 14.01.06
City & Finance Section.....Page 77.

Priced at less than a penny, Enition attracted a flurry of speculative interest and firmed 0.03 to 0.24p. Turnover swelled to 24m-plus amid speculation that former IT minnow and cash shell is on the verge of featuring in an interesting reverse takeover deal. Enition has 700,000 cash in the bank and has said it is exploring acquisition opportunities in the energy sector.

SueHelen - 14 Jan 2006 15:02 - 23 of 53

I will have a look at mjr's mention tomorrow for u....I already have my balanced portolio now and won't be looking to buy any other stocks over the coming days. My portfolio now consists of DMR, SER, IQE, and ENT.

By far my biggest holding is in DMR, followed by IQE, SER and then ENT.

jameel06 - 14 Jan 2006 15:12 - 24 of 53

SueHelen, whilst your on your little research adventures could you also cast youe eyes on a stock I have in my portfolio - ELP! I wonder wheter you will be able to?

Sue can you also let me know your preferred method when undertaking research into stock?? I think im probably asking too much.. but your views are greatly appreciated and valued. Regards,
jammeel

SueHelen - 14 Jan 2006 16:30 - 25 of 53

Jameel......I have 30 different stocks on my stockwatch list......the ones that interest me and get my pulse going. I keep on top of all the developments on each and everyone of those stocks. I won't buy even though the company's prospects good just for the sake of it. I value timing greatly...I don't like to keep my money in stocks where I don't see anything happening for months. So I stay on top of the developments on the stocks on my stockwatch lists.....then I also keep an eye on the technical indicators such as bollinger bands, volume, MACD, candlesticks. Those allow me to narrow down my search in that from the 30 I can narrow down into a handful of stocks which allow me to come to a decision that it is the right time now to go ahead and make my purchase in that stock. I break it down further by using Level 2.

I will also buy when things are not looking good in particular stocks...right at the bottom when no one wants them. This is where you have all the derampers turning up...shouting chart looks awful etc.....that is when you start buying if u wanna stay one step ahead. No good buying when the chart looks nice and pretty. I have found this exercise pretty rewarding with DMR where I have been able to accumulate a holding of 2 million shares at the 0.30 pence prices in October 2005. Everyone wants them now and the market makers won't let them go easily as we approaching the news season now with them. See my posts on the DMR thread with regards to that.

The 30 stocks in my stockwatch lists are reviewed every fortnight...if developments have happened which don't excite me then I will remove that stock and cease to follow developments. A new entry would appear in my stockwatch lists.

The one thing u must be remember is to stay on top of things.

SueHelen - 14 Jan 2006 16:39 - 26 of 53

Anyone have any information on Maitland Investments Ltd ?????????????????????

Maitland Investments Ltd 125,721,854 125,721,854 15.68%

chocolat - 14 Jan 2006 16:59 - 27 of 53

Where on earth d'you get the idea that 'everyone wants them now'?

jameel06 - 14 Jan 2006 23:14 - 28 of 53

SUE info on GGGW RNS:

Please see below:

ADDITIONAL RESULTS FROM SONGPANGUO

FURTHER ZONES IDENTIFIED

LONDON - 11 January 2006 - Central China Goldfields plc (AIM: GGG,
GGGW) reports additional results from recently completed aditing (tunnelling)
and trenching programme at the Songpanguo deposit ('SPG'), Baima area, in the
Snow Mountain Project, Sichuan Province of China.

Highlights:

- Assay results are reported from three underground tunnels and
eleven trenches are reported

- Results are generally higher grade compared to the work
previously reported by Sichuan Bureau of Metallurgy and Geological Exploration
('SBMGE')

- Two new zones discovered in underground tunnels including a zone
of 3 metres @ 14.54 g/t Au

- Other underground tunnelling results include: 3.0 metres @ 5.45
g/t Au, 12.0 metres @ 4.15 g/t Au and 2 metres @ 4.52 g/t Au

- Trenching results include: 1 metre @ 8.4 g/t Au and 2 metres @
2.7 g/t Au

Jeff Malaihollo, Central China Goldfields' Managing Director,
stated 'These results are very encouraging and we plan to drill and open up
more tunnels to test the down-dip continuation of the mineralisation to
increase the tonnage. We are very excited by the positive results that
continue to emerge from SPG especially now with several new zones identified.'

Geological Details:

Further Fire assay results from SPG trenches and underground
tunnels (adits) confirm comparable intersected widths and gold grades to the
original wet assay work by our partners SBMGE.

The underground tunnels provide more information and are
significantly cheaper compared to drilling. In particular, important
information regarding the structure controlling mineralisation was obtained
from these tunnels.

SPG Adits

Re-sampling of tunnel PD403 on the 3,190 metres level confirmed two
main zones of mineralisation which are: 3.0 metres @ 5.45 g/t gold and 12.0
metres @ 4.15 g/t gold. These are higher than the original wet assays of 4.2
metres @ 3.29 g/t gold and 7.44 metres @ 2.92 g/t gold.

Tunnel PD416 on the 3,240 metres level intersected a low grade zone
at 132 metres from the mouth of the tunnel, yielding results of 4 metres @
0.45 g/t gold. This compares with the original result of 0.8 metres @ 1.27 g/t
gold.

Two new zones were intersected in a crosscut CM1W driven in a
northwest direction from tunnel PD401 (whose results were announced on 12
December 2005). The first zone is 3 metres @ 14.54 g/t gold including a 1
metre interval @ 40.7 g/t gold. The zone is hosted by brecciated siltstone
with pyrite, realgar and orpiment. The second zone is 2 metres @ 4.52 g/t
gold, intersected at 5.5 metres from the main tunnel PD401.

SPG TRENCHES

Full set of results for the trenches are tabulated below. Direct
comparison often can not be made as the old trenches have been washed away or
their locations can not be accurately situated.

Trench TC 19R returned 1 metre @ 8.14 g/t gold at the start of the
trench, but no direct comparison is available.

Trench TC 94-2R, gave two 1 metre long intersections of 1.06 g/t
gold and 1.07 g/t gold. There is no comparable trench available.

Trench TC 30R yielded 1 metre @ 2.2 g/t gold which is higher grade
compared to the wet assay result of 1 metre @ 0.9 g/t gold. TC 30R also
returned another intersection of 1 metre @1.94 gold which is also higher grade
compared with original assay of 1.5 metres @ 0.6g/t gold.

On the northern side of the Snow Mountain Fault, the SPG deposit
continues on the opposite side of the valley, where Trench TC 16 intersected a
zone of 2 metres @ 2.7 g/t gold which is higher grade compared with original
assays of 2.1 metres @ 1.79 g/t gold.

SPG assay results
Location Distance Wet assay Fire assay Comments
(m from
portal)
Width (m) Au (g/t) Metregrammes Width (m) Au (g/t) Metregrammes R=resampled
(fire
assay)

SueHelen - 15 Jan 2006 19:51 - 29 of 53

Jameel....I am back at work full time tomorrow so will not be able to contribute during trading hours anymore but will certainly catch up in the evenings.

Have a good week.

SueHelen - 16 Jan 2006 08:31 - 30 of 53

Good start today on back of the press mention on Saturday.

0.27-0.28 pence.....up 15.00%

SueHelen - 16 Jan 2006 10:07 - 31 of 53

Good buying volume coming through.

SueHelen - 16 Jan 2006 11:56 - 32 of 53

Pretty good volume...past the 20 million mark already.

jameel06 - 16 Jan 2006 12:39 - 33 of 53

Sue, I put my deal in, on Sunday and it only went through at 10am and it had increased by 14% so I bought at the top price... Not Happy... Do u think I should wait! Or have I missed the boat in terms of maximizin profit! Whats the expected sp high, if known,

Look forward to your reply

SueHelen - 16 Jan 2006 13:14 - 34 of 53

I think no one was able to get in at the 0.25 pence closing price from Friday....All the buying is taking place at the 0.28 pence price. Still a good price IMHO.

SueHelen - 16 Jan 2006 13:14 - 35 of 53

I think no one was able to get in at the 0.25 pence closing price from Friday....All the buying is taking place at the 0.28 pence price. Still a good price IMHO.

SueHelen - 16 Jan 2006 13:14 - 36 of 53

I think no one was able to get in at the 0.25 pence closing price from Friday....All the buying is taking place at the 0.28 pence price. Still a good price IMHO.

jameel06 - 16 Jan 2006 13:39 - 37 of 53

SueHelen, it seems like that too!!!! I wonder whar ur views are on whether it will increase higher then .28 or has it hit its peak! I was thinkin that it is bound to increase as people have only caught on over the weekend, unlike those ahead of the game (mention no names)... I see that my portfolio isnt doing too bad with ELP increasing by 12% too... Interestingly Sue have a look at GGGW that has also increased by 18%..

I would welcome your comments, regards,

Jameel

SueHelen - 16 Jan 2006 14:24 - 38 of 53

A 7.50 million T trade buy had to be filled at 0.27 pence hence the stalemate. Price has just ticked up now.

Order given to the MMs this morning.

SueHelen - 16 Jan 2006 14:31 - 39 of 53

0.28-0.28 pence - another biggish trade likely being filled.

SueHelen - 16 Jan 2006 15:37 - 40 of 53

Finally double tick up on the offer. 0.28-0.30 pence.....up 20.00%.

Technotamed - 16 Jan 2006 17:39 - 41 of 53

I placed my order Sunday, so was not very pleased to see my buy price at 0.28p. Will we see only short term gains tomorrow and that's it, or are we looking for longer terms gain. Trying to decide what to due for tomorrow as I must set my position tonight because I work all day. Any help out here, thanx.

blinger - 16 Jan 2006 18:38 - 42 of 53

ROFLOL,
Sulain talks to his many aliases, .

SueHelen - 16 Jan 2006 18:57 - 43 of 53

5 million T buy at 0.27 pence is a buy worked through during the day along with the 7 million T buy at the same price.....someone was in the market for 12 million shares.

Later on in the afternoon....couple of 3 million buys also came though at 0.28 pence. Marked as sells on moneyam as trades over 105,000 shares are delayed in reporting by 1 hour. After the 1 hour the price has been marked up to 0.28-0.30 pence on back of those 3 million buys.

Very strong volume of 47 million shares traded.

SueHelen - 16 Jan 2006 18:58 - 44 of 53

Technomatamed......I'm holding all the way until the reverse takeover is completed. The rise yet is nothing.

Technotamed - 16 Jan 2006 19:46 - 45 of 53

Thank you for your input, I wanted to be in the action this time as last week I failed to get on Pixology last Monday and missed the 34% rise that happened. Although I did buy Pixology Tuesday and got back into Victoria Oil and Gas just before the present rise.

I work in the Touchscreen industry and Zytronic Displays is well worth a punt at it's current price of 247.50p Tipped at 400.00p later on in the year.

aldwickk - 16 Jan 2006 20:00 - 46 of 53

SueHelen , jameel06 is waiting for your comments on ELP & GGGW.

SueHelen - 16 Jan 2006 20:05 - 47 of 53

Hi aldwickk...due to work constraints I haven't had the time to look into those stocks for Jameel....I'm afraid it will be the weekend when I get time to have a look at them.

jameel06 - 16 Jan 2006 20:12 - 48 of 53

Hi Sue, for some reason the 7.5mil shows as a sell on my system... Whats your views about price rising tommrow? Anyways I hope day back at work went well!

SueHelen - 16 Jan 2006 20:29 - 49 of 53

Jameel...I have already earlier explained as to why that is the case. I think the price will continue to rise tomorrow.....76 trades in ENT today on back of the newspaper article....all the new buyers....atleast 85% all buys today....and they all paid 0.275 pence or more for stock today....so there won't be any sellers around as well for a while yet.

Yeah day back at work was fab'........heart and soul of the workplace and my colleagues are just great.

jameel06 - 16 Jan 2006 20:42 - 50 of 53

Sue, thanks for that and my apologies having overlooked your previous reply..

'heart and soul of the workplace and my colleagues are just great.' - surprisin to see such a culture, most likely to be a charitable org or working for some philanthropic basis!... Anyways Sue, thanks for the eNT tip,,, very useful1

SueHelen - 02 Feb 2006 21:03 - 51 of 53

Enition PLC
02 February 2006


Enition Plc
(the 'Company')

Holding in Company

The Company was notified today that as of 27 January 2006, B M Khouri Esq. has
an interest of 46,807,466 shares in the Company which represents 3.34% of the
issued share capital.


This information is provided by RNS
The company news service from the London Stock Exchange

SueHelen - 02 Feb 2006 21:04 - 52 of 53

Mr Khouri has bought 10 million shares over the last couple of weeks....he was holding 37 million shares before today's RNS.

Technotamed - 22 Feb 2006 17:15 - 53 of 53

Hello, anybody still holding these? I am still keeping the faith here, any glimmer of news yet?
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