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?

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)