ERN - Erongo Energy

[Halba]

Well if you hold $50k and it goes into production by 2010, that $50k will turn into over $2million dollars(based on the valuations for a u producer now)

 

[JWBH01]

I wish I had 50K worth to hold onto. If all things go well by the end of this year I will sell enough to cover myself and hold onto the rest and see where it goes.

In my opinion, I don't think traders have really caught onto this share yet. I'd like to see what happens when analysts start recommending the share.

 

[Halba]

jwb, but if u take profits along the way u won't be able to turn the 20k or whatever into large amnt

 

[JWBH01]

Well if you hold $50k and it goes into production by 2010, that $50k will turn into over $2million dollars(based on the valuations for a u producer now)

Halba based on these assumptions/ valuations, if I was to hold some of what I have, say $10K by 2010 it would still be worth $400k.

Obviously I am not that big a player but I would take that any day. I can only hope this share plays out like this by 2010. Plus I am still pretty new at this so I am still working out my strategies, but I am open to suggestions.

 

[chris1983]

I would be very comfortable if these fired. Might be able to get that first house I want. Still early days right now. Don't want to get over excited..a long way to go for this one. Acquiring the 4 highly prospective licenses in Namibia was a good start. Something definately changed today though.

 

[Halba]

what happens if u invested $10k in pdn @ 100c?

worth $110K!

and u shortage will remain the same as pdn's run from 2004-2007. So it would be possible to replicate this run provided they can find an economic deposit. LH is not that huuge a mine.

 

[chris1983]

what happens if u invested $10k in pdn @ 100c?

worth $110K!

and u shortage will remain the same as pdn's run from 2004-2007. So it would be possible to replicate this run provided they can find an economic deposit. LH is not that huuge a mine.

hmmm. Ive got a lot in this one. The accumulation over the past 3 months is paying off. Hopefully they continue to move up though. It only pays off when the profit is in your hands..but I'm going to hold to see how they progress.

 

[Halba]

how many shares do you hold chris?

I hold 12000 ERN, small amnt, but only want to top up on news (i am that type)


By the way all PDN @ $1 had a market capitalisation of $500m dollars

ERN has a market cap of 30mil. So its like buying PDN @ 6cents (assuming it gets into proddy at some point)

 

[chris1983]

I hold 34000 at an avg of 47. I dont usually say how many I got..but since you asked..theres nothing to hide. I dont have that many..but I dont usually put that much into one stock..I will usually buy 5/6 k worth and try and build it up. When I first got BMN i only got 5k worth..and when I first got AOE..another one of my large holdings..i put 12 k in..that was a lot for me. I think since the fund is growing..I'm putting more into the stocks I think can perform.

 

[JWBH01]

As I was saying yesterday Chris I wanted to buy more of these but it might be a little late. I have also put a fair chunk into this, but I wanted to keep accumulating. Let's hope the price drops in the next couple of weeks again so I can do this.

I like those figures you are quoting Halba. I hope Erongo can be a Paladin and from what I hear the licences they have are much more than LH.

 

[Halba]

hi chris that is a sound stake. no one needs to hide things its all good.

good work.

 

[sydney1963]

As I was saying yesterday Chris I wanted to buy more of these but it might be a little late. I have also put a fair chunk into this, but I wanted to keep accumulating. Let's hope the price drops in the next couple of weeks again so I can do this.

I like those figures you are quoting Halba. I hope Erongo can be a Paladin and from what I hear the licences they have are much more than LH.

May be it start to fire up,with no return back.

 

[chris1983]

hi chris that is a sound stake. no one needs to hide things its all good.

good work.

Thanks..it would be nice to know the reason behind the rise. There are some pretty large bids sitting on 69.5 and 70. They might have some news to release in regards to the ongoing fieldwork.

 

[Halba]

2 likely news

1. fieldwork update - scintilometer readings of uranium samples

2. Historical drills obtained

anything high grade this will double overnight. This is because it can be mined quickly.

i'm excited would love to hear what news they have so i can revist my holding

all i have now is radiometric anomalies the size of frikkin europe and 1 drill hole diagram

 

[towie]

As I said a while ago, I spoke to the company and they did say an announcement/update would be coming out around the last week in Feb or so, they have been over in Africa for a few weeks now and hopefully something has come of it, I wouldnt expect great news but anything fruitful would be nice, , Also don't underestimate mineral sands!
Problem with today is everything was up even mentioned Namibia in the Telegraph of all places (ABC)

 

[towie]

Chris I have been buying a few more this week and I still don't have as many as you, be proud!
I think this one has potential

 

[chris1983]

I'll be keeping an eye out for that announcement. As long as its something positive..no matter how small it may be..I'll be happy.

Erongo are currently trading at 44 Euro on the Berlin Stock Exchange which is just over 73 cents Australian. Only trading on low volume though.

The license list for Namibia has also been updated on the website but the additional ERL and EPL licenses are still pending..so its nothing to do with that I would think..most likely an update on the field work like Halba suggested.

 

[JWBH01]

I hold 34000 at an avg of 47. I dont usually say how many I got..but since you asked..theres nothing to hide. I dont have that many..but I dont usually put that much into one stock..I will usually buy 5/6 k worth and try and build it up. When I first got BMN i only got 5k worth..and when I first got AOE..another one of my large holdings..i put 12 k in..that was a lot for me. I think since the fund is growing..I'm putting more into the stocks I think can perform.

Chris, any reason why you didn't buy the options on this one? You get better leverage don't you? You probably could have got about 50000 options at an ave 34c?

 

[chris1983]

Chris, any reason why you didn't buy the options on this one? You get better leverage don't you? You probably could have got about 50000 options at an ave 34c?

You noticed that..yeah I realized that also..but I only realized the better leverage after I had allready bought the main share. It would of been better for me to have bought the options..but I'm happy with what I'm holding atm. It would of been at around and avg of 30 cents I could of got the oppies at.

Do you hold the oppies?

 

[JWBH01]

You noticed that..yeah I realized that also..but I only realized the better leverage after I had allready bought the main share. It would of been better for me to have bought the options..but I'm happy with what I'm holding atm. It would of been at around and avg of 30 cents I could of got the oppies at.

Do you hold the oppies?

Yes, I only hold the options, it allowed me to have a larger holding. I mean in the end if I am still holding these in 2009, when they expire I will need to pay the difference but by then I hope I would have sold the majority of my holdings.

Either way we are both hopefully going to be in a better position soon.