TIDMENK
RNS Number : 7727I
ENK PLC
30 July 2012
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 01/07/96. Origin: Appendix 8. Amended 01/07/97,
01/07/98, 30/09/01, 01/06/10, 17/12/10
Name of entity
ENK PLC
--------------
Company Registration Number Quarter ended ("current
quarter")
4013168 30 June 2012
--------------------------- -----------------------
Consolidated statement of cash flows
Current Year to
quarter date
Cash flows related to operating (3.months)
activities
$USD'000 $USD'000
---------- ------------
Receipts from product
1.1 sales and related debtors 1,407 1,407
Payments for (a) exploration
1.2 & evaluation (454) (454)
(b) development (5,463) (5,463)
(c) production - -
(d) administration (1,856) (1,856)
1.3 Dividends received - -
Interest and other items
1.4 of a similar nature received 1 1
1.5 Interest and other costs - -
of finance paid
1.6 Income taxes paid - -
1.7 Other (provide details - -
if material)
Net Operating Cash Flows (6,365) (6,365)
----- ------------------------------ ---------- ------------
Cash flows related to
investing activities
Payment for purchases
of:
(a) prospects - -
(b) equity investments - -
1.8 (c) other fixed assets (8) (8)
1.9 Proceeds from sale of:
(a) prospects, net of
costs 2,000 2,000
(b) equity investments 1,353 1,353
(c) other fixed assets - -
1.10 Loans to other entities (322) (322)
1.11 Loans repaid by other - -
entities
1.12 Other (provide details - -
if material)
Net investing cash flows 3,023 3,023
---------- ------------
Total operating and investing
cash flows
1.13 (carried forward) (3,342) (3,342)
----- ------------------------------ ---------- ------------
Total operating and investing
cash flows
1.13 (brought forward) (3,342) (3,342)
----- ---------------------------------- ---------
Cash flows related to financing
activities
---------
1.14 Proceeds from issues of - -
shares, options, etc.
1.15 Proceeds from sale of forfeited - -
shares
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Other (provide details - -
if material)
--------- ---------
Net financing cash flows - -
----- ---------------------------------- ---------
Net increase (decrease)
in cash held (3,342) (3,342)
---------
Cash at beginning of quarter/year
1.20 to date 33,710 33,710
Exchange rate adjustments
1.21 to item 1.20 (110) (110)
--------- ---------
1.22 Cash at end of quarter 30,258 30,258
----- ---------------------------------- --------- ---------
Payments to directors of the entity and associates of the
directors
Payments to related entities of the entity and associates of the
related entities
Current quarter
$USD'000
----------------
Aggregate amount of payments
to the parties included in item
1.23 1.2 249
----------------
1.24 Aggregate amount of loans to -
the parties included in item
1.10
------ --------------------------------- ----------------
1.25 Explanation necessary for an understanding
of the transactions
1.23 Salaries and superannuation payments
made to directors during the quarter.
---------------------------------------------------
Non-cash financing and investing activities
2.1 Details of financing and investing transactions
which have had a material effect on consolidated
assets and liabilities but did not involve
cash flows
N/A
--------------------------------------------------
2.2 Details of outlays made by other entities
to establish or increase their share in
projects in which the reporting entity has
an interest
N/A
--------------------------------------------
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available Amount used
$USD'000 $USD'000
-----------------
3.1 Loan facilities - -
----------------- ------------
3.2 Credit standby arrangements - -
---- ---------------------------- ----------------- ------------
Estimated cash outflows for next quarter
$USD'000
---------
4.1 Exploration and evaluation 500
---------
4.2 Development 5,000
---------
4.3 Production -
---------
4.4 Administration 1,650
---------
Total 7,150
---- --------------------------- ---------
Reconciliation of cash
Reconciliation of cash Current quarter Previous quarter
at the end of the quarter $USD'000 $USD'000
(as shown in the consolidated
statement of cash flows)
to the related items in
the accounts is as follows.
--------------------------------- ---------------- -----------------
Cash on hand and at
5.1 bank 30,052 33,584
---------------- -----------------
5.2 Deposits at call 206 126
---------------- -----------------
5.3 Bank overdraft
- -
---------------- -----------------
5.4 Other (provide details) - -
---------------- -----------------
Total: cash at end
of quarter (item 1.22) 30,258 33,710
----- -------------------------- ---------------- -----------------
Changes in interests in mining tenements
Tenement Nature of interest Interest Interest
reference (note (2)) at beginning at end
of quarter of quarter
----------- ------------------- -------------- ------------
6.1 Interests
in mining N/A
tenements
relinquished,
reduced or
lapsed
----------- ------------------- -------------- ------------
6.2 Interests
in mining N/A
tenements
acquired or
increased
----------- ------------------- -------------- ------------
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or
conversion rights together with prices and dates.
Total number Number quoted Issue Amount
price paid up
per per security
security (see note
(see 3) (cents)
note
3) (cents)
------------------------ ---------------- ---------------- ------------ --------------
7.1 Preference
+securities
(description) - - - -
---------------- ---------------- ------------ --------------
7.2 Changes
during
quarter
(a) Increases - - - -
through
issues
(b) Decreases
through
returns - - - -
of capital,
buy-backs,
redemptions
----- ----------------- ---------------- ---------------- ------------ --------------
7.3 +Ordinary AIM 231,915,215 AIM 231,915,215
securities
ASX 30,188,788 ASX 30,188,788 - -
262,104,003 262,104,003
---------------- ---------------- ------------ --------------
7.4 Changes
during
quarter
(a) Increases - - - -
through
issues
- - - -
(b) Decreases
through
returns
of capital,
buy-backs
7.5 +Convertible
debt securities
(description) - - - -
---------------- ---------------- ------------ --------------
7.6 Changes
during
quarter - -
(a) Increases - -
through
issues
(b) Decreases - -
through
securities - -
matured,
converted
Expiry
Exercise date
price
75,000 - GBP1.28 31/03/14
27,713 - GBP0.92 24/12/14
25,000 - GBP1.20 26/06/15
3,500,000 - GBP0.28 01/10/15
Options 1,851,000 - GBP0.38 19/10/15
(description 18,499 - GBP1.62 20/10/15
and conversion 1,300,000 - GBP0.28 30/08/16
factor) 2,973,000 - GBP0.21 15/10/16
25,000 - GBP2.35 04/06/17
45,773 - GBP2.35 18/06/17
40,871 - GBP1.80 17/10/17
29,997 - GBP1.60 27/02/18
153,358 - GBP1.60 12/03/18
125,000 - GBP0.10 16/12/18
370,940 - GBP0.40 15/04/19
200,000 - GBP0.256 08/07/12
800,000 - GBP0.2768 21/07/12
625,000 - GBP0.36 08/12/12
1,500,000 - GBP0.36 08/12/12
1,000,000 - GBP0.32 08/12/12
763,000 - GBP0.28 29/03/13
7.7 Warrants 960,570 - GBP0.28 18/06/13
---------------- ---------------- ------------ --------------
7.8 Issued
during - - - -
quarter
---------------- ---------------- ------------ --------------
7.9 Exercised
during - - - -
quarter
---------------- ---------------- ------------ --------------
7.10 Expired
during - - - -
quarter
---------------- ----------------
7.11 Debentures
(totals - -
only)
---------------- ----------------
7.12 Unsecured
notes
(totals - -
only)
---------------- ----------------
Compliance statement
1 This statement has been prepared under accounting policies
which comply with accounting standards as defined in the
Corporations Act or other standards acceptable to ASX (see note
5).
2 This statement does give a true and fair view of the matters disclosed.
Sign here:
............................................................ Date:
30 July 2012
(Finance Director)
Print name: Mark Hanlon
Notes
1 The quarterly report provides a basis for informing the market
how the entity's activities have been financed for the past quarter
and the effect on its cash position. An entity wanting to disclose
additional information is encouraged to do so, in a note or notes
attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options
in respect of interests in mining tenements acquired, exercised or
lapsed during the reporting period. If the entity is involved in a
joint venture agreement and there are conditions precedent which
will change its percentage interest in a mining tenement, it should
disclose the change of percentage interest and conditions precedent
in the list required for items 6.1 and 6.2.
3 Issued and quoted securities The issue price and amount paid
up is not required in items 7.1 and 7.3 for fully paid
securities.
4 The definitions in, and provisions of, AASB 6: Exploration for
and Evaluation of Mineral Resources and AASB 107: Statement of Cash
Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of
International Financial Reporting Standards for foreign entities.
If the standards used do not address a topic, the Australian
standard on that topic (if any) must be complied with.
== == == == ==
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The company news service from the London Stock Exchange
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