Is this a monster in the making?

Does anyone have this on their radar? What do you make of it, IPO sp at 540p Dec 2007, now 1123p. Am I too late to get in? I think sp is playing catch up with other major miners. Kaz already own 20% of the company.

http://www.enrc.com/index.asp
Check out the presentation there are some impressive numbers and their huge assests.

why would the offer be even as high as 575? ..... i don't know when the kaz boys were bought out, but i'ld guess the game has changed since then with sp now only about 300

The Kaz boys haven't yet been bought out. They are a 26% stakeholder. Agreed they would probably not get 575p for their shares, as they have not been offered that up to now. But, don't forget these guys are russians. I'll say no more!

Thanks harry.

i don't think you'll win many friends in the region describing kaz boys as russian, any more than you would in ukraine :-)

Very nice rise this a.m. well in profit at last.,.

Bidco takeover offer of 234.3 p