ERN - Erongo Energy

[chris1983]

Chris,
i think its good to have a mix of long termers and trend traders...
gives everyone then a choice of what to do... and it allows longtermers the oppurtunity to add stock when it gets oversold.

whilst i have a couple of 'long term stocks' it is still important that they adhere to the major trend and support lines.

Dont worry I will flog a stock when it breaks down terribly. I havn't had one of late that has broken all support lines. Trusting the fundamentals has been good to me lately. AGM/AOE/ERN/BMN/ECH.

What I do though is always sell enough to free carry holdings. I have also had my quick plays like FXR/WMT/NWR/TMR. I usually do try to hold though and ERN fits the criteria for a long term hold. Thats just my opinion.

 

[Punter]

SXR paid 3bn for urasia energy $35/lb

PDN paid $1.3bn for SMM $35/lb

No tech bubble here. These guys are paying billions to secure uranium supply. It is scarce right now. Look at the nickel market for comparison on what happens to a scarce metal. Uranium is a metal too, and will be traded like nickel from next week onwards.

 

[svensk]

Weren't there more posts here before? Did the argument get a little heated?

Anyway, the surge seems to have died down now. But overall today was excellent. Broke out of the retracement on excellent relative volume. It will be interesting to see what happens come monday.

 

[chris1983]

Weren't there more posts here before? Did the argument get a little heated?

Anyway, the surge seems to have died down now. But overall today was excellent. Broke out of the retracement on excellent relative volume. It will be interesting to see what happens come monday.

Kennas and I are fine It was better to remove the posts. No value adding to the thread. It was a good move by ERN..and I'm happy with today. Of course i want to see it smash the high of 94 cents..but that should eventually come..specially if it holds its trendline which it looks to be doing.

 

[Sean K]

Kennas and I are fine It was better to remove the posts.

Yep, when we start going the man and not the ball, it's time to cool it.

One thing that close followers of ERN would have noticed that it has rarely finished on it's low of the day in recent weeks. Every time it dips intra day buyers come in to support it and push the price back up. Even on the down days. That is a good sign to me.

 

[Punter]

Haha kennas yep I noticed that. Now the Germans will be looking at what you wrote just now in the German forum lol lol

 

[Punter]

Thread seems quiet of late...but notice of substantial shareholder notice out:

Marble Bar Asset Management LLP has taken a stake in ERN..been buying on the market since the 60s...They have been supporting the share price. They are a hedge fund partly owned by Lehman brothers europe, and it looks as if the big boys have arrived(hopefully to stay for a nice ride?).

This is an IMMENSE vote of confidence in ERN.

 

[captjohn]

Thread seems quiet of late...but notice of substantial shareholder notice out:

Marble Bar Asset Management LLP has taken a stake in ERN..been buying on the market since the 60s...They have been supporting the share price. They are a hedge fund partly owned by Lehman brothers europe, and it looks as if the big boys have arrived(hopefully to stay for a nice ride?).

This is an IMMENSE vote of confidence in ERN.

Thanx punter,
for ya research into this.....& the buy in sounds they are confident in good results down the track.

ERN certainly has top radiometrics & location.

Also relatively low number of shares on issue too !!

Very quiet day today on the western front..yawn yawn

 

[captjohn]

Bong bong...alert!!

Notice on ASX...ERN commences drilling Yippee!!

Now we'll find out what's down below!

 

[chris1983]

Bong bong...alert!!

Notice on ASX...ERN commences drilling Yippee!!

Now we'll find out what's down below!

haha yeah thats some good news atleast..something to look forward to now. Should be a very interesting 6 months coming up

 

[chris1983]

Bong bong...alert!!

Notice on ASX...ERN commences drilling Yippee!!

Now we'll find out what's down below!

They state in their announcement..

"initial drilling results are expected to be released by the end of may"

so soon??

 

[Punter]

Bong bong...alert!!

Notice on ASX...ERN commences drilling Yippee!!

Now we'll find out what's down below!

Look at the extension to the zone- 1800m by 1000m now!! wow!! To 100m as well. This could be a big deposit!

 

[Punter]

Where has everyone gone? Surprised by the absence of interest. Just seems like the BMN Band of brothers on ERN for a side show!! right captn?

 

[Broadside]

Where has everyone gone? Surprised by the absence of interest. Just seems like the BMN Band of brothers on ERN for a side show!! right captn?

Still holding my ERNO's tight, thus far they have delivered but I think it's only the start. Looking forward to drilling results.

 

[bigt]

Well I'm very excited by this milestone being passed...and a little apprehensive as to the results...make or break for some...end of May?? That is very soon, and demonstrates the right attitude by management to take advantage of the rising U price and subsequent sentiment. They really dont seem to make a song and dance about anything eh? Just solid info.

 

[Punter]

Well I'm very excited by this milestone being passed...and a little apprehensive as to the results...make or break for some...end of May?? That is very soon, and demonstrates the right attitude by management to take advantage of the rising U price and subsequent sentiment. They really dont seem to make a song and dance about anything eh? Just solid info.

They might be using downhole gamma ray logging, so that explains the soon ness nature of the results?

 

[chris1983]

they might be using downhole gamma ray logging, so that explains the soon ness nature of the results?

I would think so. Unless they were secretly drilling 3 months ago and the drill cores are being analysed at the labs allready . Im not being serious btw..just in case someone reads that and goes.. "ohh wow maybe your right!" Anyway I think its downhole gamma ray logging also.

Looks good. Going ahead as planned. Large tonnage low grade is fine with me. If uranium spot continues to rise..which most of us feel will happen..these resources are looking excellent for development.

 

[captjohn]

They might be using downhole gamma ray logging, so that explains the soon ness nature of the results?

That's just what I need, some ..."down hole gamma ray logging" Hmmmmm ??....sounds good!!
Trying to top up at 83 but got jumped over...oh well....still got a nice parcel.

I'd reckon these Lehmann brothers already know what ERN has got ....big coincidence they buy in .... then bingo a drilling announcement!! ..still great to have them on .....shows confidence !!

 

[Go Nuke]

Where has everyone gone? Surprised by the absence of interest. Just seems like the BMN Band of brothers on ERN for a side show!! right captn?

ERN is just as exciting to me as BMN
Ive just been sitting back watching the sp follow its nice pattern. Its almost so predictable.

Ive no intention of selling..and no money to buy more..so really ERN ITSELF has been quiet.
Im looking foward to the inital results at the end of May...though I bet they come out in early June. Im not that confident when companies put a timeline to their findings these days.
With so much going on in the Uranium industry, there are backlogs everywhere it seems

 

[nizar]

They state in their announcement..

"initial drilling results are expected to be released by the end of may"

so soon??

Yeh i dont like this.
Better to underpromise and overdeliver - suprise the market on the upside.

But now early June if no results are out, the share price will probably show weakness, and even when the announcement is released, share price may suffer even if news is good, as investors/traders become inpatient.

Poor PR in my opinion...