By December the company had also decided to exit its flagship Neavesville gold and silver project in New Zealand because of “significant uncertainty” regarding exploration and mining in the region.
Then last week, two investors bought nearly 30 per cent of the explorer.
Substantial shareholder notices were released after market close last Friday, showing that Gregory Williams had bought 19.4 per cent, while Martin Donohue had taken a 9.2 per cent stake.
Collectively the two men sunk $1m into E2, which has a market cap of about $5.2m.
