ERN - Erongo Energy

[wondra]

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

Kennas,

I think he is genuine. If you check back through the course of sales, check the action at around 1.36pm. A large seller arrived with a sell of 500k, almost immediately it was snapped up & then another of 200k. The run then started & the 500k has been following it up probably in the hope that he can catch the dumper if he dumps again

 

[Go Nuke]

DAM..its broken out when i told it not to!!!

WOW...they are some serious orders at .65, .67, .68c.

 

[mmmmining]

DAM..its broken out when i told it not to!!!

Your are bidding too low? I used to do that, and often in a "missed by 1c, and lost $1 gain situation".

I changed my strategy a bit, bid half at market price, and another at limited price, it work out well sometimes.

 

[Halba]

Don't say I didn't warn yas.

Sorry for my posts on the NUP thread...mods plz delete my posts on that thread.

 

[Rafa]

Halba, i am very disappointed this stock hasn't doubled in one day...
Your Fired!

 

[chris1983]

wow..just got back from lunch. Happy to hold

 

[Halba]

rafa: Halba, i am very disappointed this stock hasn't doubled in one day...

This is just the start of something special....the planets have aligned for this, it has proven historical u drill results to back it up.

 

[Go Nuke]

LOL..no im not bidding too low....I need more time to save money

66c might form a new base?
Though probably not.
Even when BMN's ann is made, it will refect on ERN i bet.
I was in at 58c&59c though.
So Its not all lost
But more is clearly better here...like beer:alcohol:

 

[Halba]

Even if no results ERN will go up on no news - its piggy backing of BMN big brother right now. Market likes namibia and sees similarities between PDN and ERN. Here is what I wrote up this morning, just to give an idea of potential of ERN:

ERN drills from April-June(phase 1), and then from August to end yr(phase
2). Say JORC by Jan/Feb 2008 30million pounds(conservative). Scoping
studies/BFS by mid 2008 to commence. Finish by early 2009. Construct 2009
and ready by end of 2009/early 2010? Can probably produce ~3-4million pounds
per annum with open pit? $300m cash flow

It looks like a seamless potential transition from explorer to production. This is because there are no enviro hurdles, permitting which will act as a "block".

 

[chris1983]

Distribute your report some more Halba. Add some background into the directors running the show. Show some of the previous success with MOTO Goldmines etc haha

 

[captjohn]

Even if no results ERN will go up on no news - its piggy backing of BMN big brother right now. Market likes namibia and sees similarities between PDN and ERN. Here is what I wrote up this morning, just to give an idea of potential of ERN:

ERN drills from April-June(phase 1), and then from August to end yr(phase
2). Say JORC by Jan/Feb 2008 30million pounds(conservative). Scoping
studies/BFS by mid 2008 to commence. Finish by early 2009. Construct 2009
and ready by end of 2009/early 2010? Can probably produce ~3-4million pounds
per annum with open pit? $300m cash flow

It looks like a seamless potential transition from explorer to production. This is because there are no enviro hurdles, permitting which will act as a "block".

Good onya Halba.....you're not always right but never wrong !! haha!!
Halba,or chris,Would BMN be similar timing to production as above ??....

 

[Halba]

DAM..its broken out when i told it not to!!!

WOW...they are some serious orders at .65, .67, .68c.

Dun worry this stock gives u plenty of opps to get set. A while till results so there will be a retrace?

 

[chris1983]

Dun worry this stock gives u plenty of opps to get set. A while till results so there will be a retrace?

Anything can happen with this stock though. If the final granting of the fifth tenement did go through which is still pending that would definately cause a SP re-rating. Thats another historic resource under their belt. Another thing you could add to your report

 

[Halba]

I will add more director background information and update my report with some "uranium commentary" hehehehe

 

[chris1983]

I will add more director background information and update my report with some "uranium commentary" hehehehe

I added some information on the directors on the earlier pages. Dr Leon Pretorious is also a major shareholder. He aint stupid. We are on a winner

 

[captjohn]

I added some information on the directors on the earlier pages. Dr Leon Pretorious is also a major shareholder. He aint stupid. We are on a winner

This volume of 2.7 million is record high for daily volume & closed up very strongly considering it's Friday arvo!!.......

 

[Halba]

was quite the stunner of a close. it looked like lulling it back to 60s, but somebody is determined to step it up.

The media hasn't even made 1 mention of erongo yet. Hardly makes a mention of Bannerman. This goes to show we are still early in the boom.

 

[nomore4s]

Chart looking pretty good. Huge volume today as already discussed. MACD looking good and closed above previous high of 70c. With no more resistance and not many sellers, Monday could be interesting.

 

[Reefer]

The 5.24 pm ann re conversion of 430k of options which still have until April 2009 to run would seem to indicate we are about to have ann of the split of the mineral sands business. Those in the know have made sure they won't miss out. Or perhaps it's Halba's ramping report to Carmichael's.
I cannot see why anyone would exercise the options this early unless the hive off of the mineral sands is about to happen.
Any other thoughts???

 

[Halba]

Yep looks like mineral sands could be on the agenda. Wasn't likely the report to carmichael's I called them and they hadn't even opened that. pfffftttt. The lady on the fone (a supposed 'Research Analyst' never even heard of Erongo) pfffft. And these so called analysts covered Bannerman.