Seeking Alpha

Proactive Investor's  Instablog

Proactive Investor
Send Message
Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
My company:
Proactiveinvestors
My blog:
Proactiveinvestors
  • Enterprise Metals MD Buys More Shares On-Market 0 comments
    May 9, 2013 9:01 PM

    Enterprise Metals (ASX: ENT) managing director Dermot Ryan has purchased a further 100,000 shares on-market.

    This latest buy takes his indirect shareholding in the company to around 12.2 million shares and 2.5 million unlisted options exercisable at $0.149 on or before 11 September 2015.

    Most recently Enterprise Metals has completed a heli-borne geophysical survey over its Fraser Range tenements in Western Australia that has highlighted a number of late-time electromagnetic responses.

    The HeliTEM survey was designed to cover areas of anomalous nickel-copper soil geochemistry, several magnetic targets and some areas where the company's soil sampling may be ineffective.

    The Albany-Fraser Orogen in southeast Western Australia is now considered to be broadly similar in geological setting, lithologies and age to Canada's Meso-Proterozoic Nain Plutonic Suite - host to the world class Voisey's Bay nickel-copper-cobalt deposit.

    Historically however, the Albany-Fraser Orogen has received little attention from exploration companies due to the remoteness of the region, poor outcrop, and the lack of known mineralisation.

    The recent discovery by Sirius Resources (ASX: SIR) of the Nova and Bollinger high grade nickel-copper sulphide deposits has dramatically enhanced the prospectivity of the Albany-Fraser Orogen for Proterozoic intrusive-associated magmatic nickel-copper sulphide deposits like those in Canada.

    Enterprise Metals had cash at bank of about $2.8 million at 31 March 2013.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

Back To Proactive Investor's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.