ERN - Erongo Energy
- Thread starter imajica
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Sean K
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GreatPig
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I did buy on Friday, but was also hoping for something a bit better than what it did.
Will be watching it fairly closely next week.
GP
Will be watching it fairly closely next week.
GP
Ken said:where do we find the next one of these i want in at 9 cents!!!! happy days then....
imagine you are in the know..... errr
Um...this one still has a long way to go imo. Its up to you if you think you missed the boat. I think anyone getting in now will still make very nice profits. Thats just my opinion though.
emily in these high risk plays there will be movement in SP. especially if someone wants to offload a decent parcel. Investors can see no major movement atm so they are going to try get them as cheap as they can. Support should come in for this though if it falls in the 40's. Thats my opinion. I believe there is too much potential with their two current epl's for this to ever freefall. Im holding and will pick up another 10,000 if GDN makes me a decent profit. All the best
emily said:
Topped up today. Sold Tamaya resources for a good profit. Figured this one will run soon. So im on with a decent parcel. Market cap based off ordinary shares is 14.5 million and fully diluted comes to just over 30 million dollars. This is very small when compared to other Namibian uranium explorers market caps such as BMN/DYL/EXT and WME. Erongo also have a 90% interest in their two granted tenements.
They also have 3 more epl's that are on the cards. Two of which they have applied for are both uncontested tenements so I'm expecting them to atleast gain two more epl's on top of their existing two epl's.
This is why I believe this stock is severely undervalued.
Just my thoughts. Could fall further short term..but I believe they will provide significant gains.
Hey Emily,
Erongo are a spec play..so expect some fluctuations when no message is released. Their current licenses contain granite type rock which is the source for primary uranium mineralisation (Just like the rossing and goanikontes deposits.)...not secondary (paladins langer heinrich deposit).
They are very cheap atm..considering they have oil assets in louisiana which are providing cash flow. The SP could go anywhere when a message is announced. Just compare the market caps to other namibian explorers. I'm hoping for the price to 4 fold. You have to aim high
Erongo are a spec play..so expect some fluctuations when no message is released. Their current licenses contain granite type rock which is the source for primary uranium mineralisation (Just like the rossing and goanikontes deposits.)...not secondary (paladins langer heinrich deposit).
They are very cheap atm..considering they have oil assets in louisiana which are providing cash flow. The SP could go anywhere when a message is announced. Just compare the market caps to other namibian explorers. I'm hoping for the price to 4 fold. You have to aim high
