ENK recently posted news stating they have increased their reserve estimate to 590,000 tonnes of nickel, an increase of 35% over their original estimate.
The ore is shallow meaning they plan to extract it using cheap open pit methods, also they have developed a cheap technique of leaching to extract the metal.

BLT (presumably) on hearing this news have increased their stake in ENK to 8.9%.

With Nickel prices currently at approximately $15000/tonne and a market capitalisation of 39Mil surely this company is due for a sharp upward correction?

Does anyone share my opinion?

This is a free event.

Proactive Investors One2One Forums

The directors of Frontier Mining (AIM: FML), Extorre Gold Mines Limited (TSX: XG) and European Nickel (AIM: ENK) will be presenting:

Thursday the 8th April 2010 at the Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 7.30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.


Register Here - http://www.sign-up.to/signup.php?fid=2014&pid=7163

If you have any problems registering or queries please email action@proactiveinvestors.com

These are interesting and rewarding evenings set in wonderful surroundings, and afford the private investor the opportunity to meet the CEO's, and network with other private investors and city professionals in an informal setting.

Nearest tubes are Green Park and Bond Street, both a short walk from the venue.

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Not so well lately but is due for a bounce now so a punt could be rewarding ............

KEEP an EYE
- spread at 17.50 / 17.75p +0.375p
- looking interesting on the chart and also on the level 2
- buying today and the last one was large 108K paying above the offer price 18.31p
- chart - bouncing from the bottom or double bottom

Level 2 is 60K v 7.9K at spread price

Don't forget they are doing a placing at 20p as well but after saying that, one or two companies have dropped below their placing price. (e.g. rrr)