ERN - Erongo Energy

[mmmmining]

Have another round of valuation reality check. ERN is becoming dirty cheap now.

I guess Chris and Halba has done the dirty work already. I just try to highlight it from peer review in term of:

capital structure;
share price; and
management team;
historic drilling data;
number and quality of anomalies targets; and
drilling program in place.

Just a matter of time, people will take serious notice. A day could make +/-10%+ difference in terms of uranium stocks.

 

[Halba]

The more Bannerman increases the stronger ERN looks, people see similarities and BMN's rise is helping ERN.

My valuation report on ERN speaks for itself, the potential is classy. Drilling after easter will provide the catalyst. The only negative is they are going in with 1 RC rig, so it may take a long time (but if they add more rigs later should be fine).

 

[Reefer]

Perhaps you're selling yourself short Halba. Maybe the broking fraternity have got hold of an illegal copy of your report and are frantically trying to correct their previous lack of interest in ERN.

 

[Halba]

Maybe they did . Certainly the RM research report was just a rehash of previous announcements/presentations. I showed clearly how undervalued it was on a peer comparison basis. Look at canada, if ERN was listed in canada it would be a lot higher.

 

[Sean K]

Certainly the RM research report was just a rehash of previous announcements/presentations.

Have to agree on the report. And they paid $30K for it too I think! I've joined the party with you guys on this. If it goes pear shaped, you're sacked as my financial advisor Halba and Chris! LOL. Now you can ramp it all you want too!

 

[Reefer]

I found it hard to believe they would bother putting out the RM report. Apart from the mineral sands addition it looks like they just dragged up the word document for the previous report and pushed "print". Halba's report was far more informative even if it was blatant ramping.!!

 

[chris1983]

Fair value will come through. Just don't get spooked by short term price fluctuations and volatility. It seems to happen a lot with this one. Eventually it will break that trend and move up to a new level. Thats why I've got my fill for now and its a waiting game. Good luck guys.

 

[Halba]

Have to agree on the report. And they paid $30K for it too I think!

Yeah I did it for free!

 

[Mousie]

Yeah I did it for free!

Do I see the "Halba U Report" newsletter coming?

 

[Halba]

Do I see the "Halba U Report" newsletter coming?

Hahaha no! But I didn't like the RCR capital research newsletter. Failed on many fronts, failed to even mention BMN and ERN! There needs to be a proper one. Get 4mining to cover his end, YOUNG T to cover the specs, me to cover the African ones.

 

[Rafa]

I've joined the party with you guys on this. If it goes pear shaped, you're sacked as my financial advisor Halba and Chris! LOL. Now you can ramp it all you want too!

Hey, good timing...
I'm in too...
Tho, I am only going to sack Halba if this thing bombs!

 

[Go Nuke]

Haha..well i hope i dont get busted for ramping this up and making ppl buy, by posting the RM report

We have to wait a bit longer.....i dont want to see it breakout yet......Im saving to buy more

 

[jtb]

Can you blokes give it a rest for a while .
Hows anybody sposed to build another stake with all this chatter and joviality going on?

Onwards and upwards

 

[nomore4s]

Hahaha no! But I didn't like the RCR capital research newsletter. Failed on many fronts, failed to even mention BMN and ERN! There needs to be a proper one. Get 4mining to cover his end, YOUNG T to cover the specs, me to cover the African ones.

lol, you might be onto something there

 

[mmmmining]

Very interesting price action with strong volume for both ERN and ERNO. I believe serious buyers and day traders are moving in. And people start to associate it as mini-BMN, like BMN as mini-PDN, and buying the growth story.


What a story, Three stocks with Namibia projects, at different stage, with similar story..

 

[Sean K]

Yes. Couple of big orders sitting there. Not sure why a legitamite buyer would put 500K out there?

 

[captjohn]

Very interesting price action with strong volume for both ERN and ERNO. I believe serious buyers and day traders are moving in. And people start to associate it as mini-BMN, like BMN as mini-PDN, and buying the growth story.


What a story, Three stocks with Namibia projects, at different stage, with similar story..

Mmmmmming....I luv it when you talk like that!!....yes volume will be 2 mill. by close ...SP is pushing up upper boll.band.....sp....touched 70 ....great for friday arvo....

 

[captjohn]

This could be the breakout boys !! sp @71

 

[kevro]

Yes. Couple of big orders sitting there. Not sure why a legitamite buyer would put 500K out there?

I was watching that 500k buy Kennas. Originally sitting at .62c then .635c and finally .65c. At the time he was not that far off the action.

 

[Sean K]

Short term potential breakout probably. Needs to finish well.