ERN - Erongo Energy

[UraniumLover]

They definately are movers..and I made money out of WMT..but..how much more will they move and what upside is left in them. I have always liked ACB since 80 cents but never got in. ERN is one that hasnt really moved yet and if it got close to the markets caps of either of those two picks we would be valuing ERN at around $1.10-1.60. Percentage wise I think ERN will give greater gains than both of those picks by the end of the year. Just my guess.

ERN's fully diluted market cap is 46 million dollars with 4 million cash at bank and the oppies would bring an additional 7.5 million because they will be in the money.

ERN share on issue are as follows

ERN- 39,104,310
ERNO- 37,515,689

WMT have a 112 million dollar market cap with 442 million shares on issue. They currently have 5 million at bank as stated on their last report.

ACB have just under 110 million shares on issue and have a market cap of 189 million. They have just raised money though and have 18 million at bank I think..so they have money to last them for quite some time. ACB are definately looking good with their historic resource and large land coverage in Botswana.

What you have to assess is which company will give you the greater % gains. See 100% gains as follows:

ACB running to $3.44 = 100% gain. Would make the market cap as an explorer 378 million

WMT running to 51 cents = 100% gain. Would make the market cap as an explorer 225 million

Or Erongo which currently has a 9 million pound historic resource based off our figures (NOT an analysts figures but our own..see previous posts)..with proven uranium on their epl's in Namibia. Which look to be at economic grades. Currently 4 epls in Namibia which are highly sort after.

ERN running to 1.20 = fully diluted market cap of 92 million. My bets are on erongo..the gains could go well higher than 100%

Personally for % gains I would be going for erongo at this stage. I think they are behind a little bit as an explorer but they will only progress their operations and its only a matter of time IMO before it shows in the SP.

This is all sounds logical and i was never trying to vamp WMT or ACB.
All I was trying to say is mr market 'currently' likes ACB & WMT more which is reflected by current share price increase. I never said ERN won't go up in the near future. At the end of the day it's what the market thinks and it's not always logical.

 

[chris1983]

This is all sounds logical and i was never trying to vamp WMT or ACB.
All I was trying to say is mr market 'currently' likes ACB & WMT more which is reflected by current share price increase. I never said ERN won't go up in the near future. At the end of the day it's what the market thinks and it's not always logical.

Yeah well I didnt mind what you typed but in Joes eyes it went against the rules. Gave me something to write about . ERN continues to fall on low volume though. If anyone wants to accumulate a decent holding its extremely hard not to push up the price.

 

[Halba]

lol uranium lover this ern needs some lovin!! lol

 

[Go Nuke]

Gee right at the last seconds, ERN and BMN came back to finish on 0% change from a negative.

:whip Go you good thing!

(Edit) BMN up 0.39%!

 

[chris1983]

hmm..I think your going a little overboard Kennas..you think what I said was a ramp by saying it could easily be back at 60 cents tomorrow? It has only dropped off on low volume and if anyone wanted a decent holding its going to push up. Its not like its getting smashed downwards. It actually finished at 60.

I think if someone said we could see 80 cents next week! Now thats a ramp because its based off no facts. My little comment is based off facts.

SP dropped on low volume.
Large buyers have been accumulating on the falls
No downwards movement has been seen with large volume

If you have been following ERN every little retrace has seen bigger buyers moving in for their opportunity to accumulate. There is no ramp by saying it could easily be 60 cents tomorrow if a large buyer wanted to accumulate.

 

[UraniumLover]

lol uranium lover this ern needs some lovin!! lol

: Sure does. Nothing better than a U junior that has potential.

 

[Sean K]

hmm..I think your going a little overboard Kennas..you think what I said was a ramp by saying it could easily be back at 60 cents tomorrow?

The doji today suggests a turn about, so maybe.

I'm laying my cards on the table and I reckon it's going to go down. I'm relying on the US housing data to come in at expectations, which will be bad for the market. Worst than expected and :fan

General market conditions don't always effect all stocks, but that's my call. I may be the one with :fan on my face tomorrow, but I'm happy to be proved wrong.

I'm a big fan of AGM. Resource looks sure to be expanded, Ni going on to all time highs (agree there will be a correction soon though).

Just out of interest, what's the general perception of what happens to a company when it starts production? Is all the good news factored into the sp, or does it get a boost? My perception is that stocks get sold off a bit. Other thoughts?

 

[constable]

The doji today suggests a turn about, so maybe.

I'm laying my cards on the table and I reckon it's going to go down. I'm relying on the US housing data to come in at expectations, which will be bad for the market. Worst than expected and :fan

General market conditions don't always effect all stocks, but that's my call. I may be the one with :fan on my face tomorrow, but I'm happy to be proved wrong.

I'm a big fan of AGM. Resource looks sure to be expanded, Ni going on to all time highs (agree there will be a correction soon though).

Just out of interest, what's the general perception of what happens to a company when it starts production? Is all the good news factored into the sp, or does it get a boost? My perception is that stocks get sold off a bit. Other thoughts?

INL is a good example of short lived production euphoria! (Although different resource)

 

[Halba]

Kennas wrong again. Housing data was positive. What does housing got to do with ERN?

 

[Sean K]

I'm relying on the US housing data to come in at expectations, which will be bad for the market. Worst than expected and :fan

General market conditions don't always effect all stocks, but that's my call. I may be the one with :fan on my face tomorrow, but I'm happy to be proved wrong.

Yep, dead wrong again.

Halba, the explanation of why it would have been bad for ERN and the rest of the market is there. Don't you agree that when the market tanks, just about every stock is effected no matter what industry? Or, have you already forgotten 28 Feb 07? I'm sure you haven't.

 

[Halba]

Kennas they might tank, but its only short term.

If the company does well(either through their resource for example) it will do well.

In this case the housing mkt did better than expected, and Dow notched up the biggest 2 day gain for nearly 1 year.

And yes I've forgotten 28 feb completely. Long gone now, looks like markets have recovered and stocks will recover accordingly.

 

[chris1983]

Chris see your PM box. This thread has got off track and I'm trying to clean it up.

It was never off track to begin with. I think others should be able to see what you classify as a ramp or not. They will keep seeing you cleaning my messages out and start to think "ohh hes a ramper" discrediting my posts. When in fact your the one made to look a little silly. You can delete this post but think about that when your done cleaning it out.

Saying a stock could easily be back at 60..because it dropped 3 cents on 100k volume is not a ramp. Im referring to the volume traded in the stock. It finished at 60 at the end of the day! Confirmed exactly what I was saying.You might as well remove every other persons price target when it breaks out on the charts if your going to start pulling me up for saying what I said.

 

[Sean K]

It was never off track to begin with. I think others should be able to see what you classify as a ramp or not. They will keep seeing you cleaning my messages out and start to think "ohh hes a ramper" discrediting my posts. When in fact your the one made to look a little silly. You can delete this post but think about that when your done cleaning it out.

Saying a stock could easily be back at 60..because it dropped 3 cents on 100k volume is not a ramp. Im referring to the volume traded in the stock. It finished at 60 at the end of the day! Confirmed exactly what I was saying.You might as well remove every other persons price target when it breaks out on the charts if your going to start pulling me up for saying what I said.

Chris, I will keep removing price predictions with no technical or fundamental analysis. What I saw did not warrant any price prediction.

 

[chris1983]

Kennas I was referring to the volume traded in the stock..and yes ERN has been trading up and down..up and down in between the range of 57-63 a number of times. This happens when ever someone wants a large holding because there just is never enough shares up for sale. It also falls because buyers are waiting for the dips and are waiting on the sidelines. There has been no huge selldowns. See my post below. 60 is actually the point at which funds were raised. Please find real rampers.

hmm..I think your going a little overboard Kennas..you think what I said was a ramp by saying it could easily be back at 60 cents tomorrow? It has only dropped off on low volume and if anyone wanted a decent holding its going to push up. Its not like its getting smashed downwards. It actually finished at 60.

I think if someone said we could see 80 cents next week! Now thats a ramp because its based off no facts. My little comment is based off facts.

SP dropped on low volume.
Large buyers have been accumulating on the falls
No downwards movement has been seen with large volume

If you have been following ERN every little retrace has seen bigger buyers moving in for their opportunity to accumulate. There is no ramp by saying it could easily be 60 cents tomorrow if a large buyer wanted to accumulate.

 

[UraniumLover]

Kennas I was referring to the volume traded in the stock..and yes ERN has been trading up and down..up and down in between the range of 57-63 a number of times. This happens when ever someone wants a large holding because there just is never enough shares up for sale. It also falls because buyers are waiting for the dips and are waiting on the sidelines. There has been no huge selldowns. See my post below. 60 is actually the point at which funds were raised. Please find real rampers.

I was finally convinced to buy this one today as has good support levels around 55 cents. The way I see it more upside than downside with Jap market up for tomorrows trade. Plus hasn't run like some of the others like ACB.

 

[Go Nuke]

C'mon ERN...breakout like your U brothers and get through that 60c resistance dam you!:horse:

LOL

 

[Halba]

Hi. Yes this one has stayed steady throughout and I thoroughly agree with your picture. A picture tells a thousand words:

:enforcer: :whip <<ERN

 

[Go Nuke]

LOL Halba

 

[Go Nuke]

Guys I have a question (probably 1 for Kennas with his graphs)...

Im looking at the ERN chart and Ive noticed that the MACD is getting close to the "0" line. Now the way I understand it, this can be used for a guide for indicating upwards or downwards momentum.

If it crosses the "0" line into the negative, does it indicate a bad thing?

I suppose in a bit of laymans terms...when it starts to go up again...thats good for us!
The other thing I struggle to understand is the Stochastic Daily. No matter how much i look at that or try to study it..it doesn't make a whole lot of sence, so i generally ignore it..lol.

Im using Investopedia for my learning.
Thx guys

 

[Sean K]

Im looking at the ERN chart and Ive noticed that the MACD is getting close to the "0" line. Now the way I understand it, this can be used for a guide for indicating upwards or downwards momentum.

If it crosses the "0" line into the negative, does it indicate a bad thing?

I suppose in a bit of laymans terms...when it starts to go up again...thats good for us!

The other thing I struggle to understand is the Stochastic Daily. No matter how much i look at that or try to study it..it doesn't make a whole lot of sence, so i generally ignore it..lol.

Im using Investopedia for my learning.
Thx guys

Yes, on the MACD point. Going up through the zero line is bullish, down bearish.

Not sure about stochastics daily. Don't you mean slow or fast stochastics...??