ERN - Erongo Energy

[chris1983]

Bit of movement today.
The laggard in my portfolio, though the depth is looking solid (at this point in time).

Id like to see this one hold above .80 for a few days at least.

Looks very solid. Buyer depth from 80 cents is below.

1 47,192 0.825
4 145,884 0.820
3 175,000 0.815
2 60,982 0.810
1 45,000 0.805
1 96,569 0.800

Hardly any shares left for sale too. Could be a very positive day tomorrow. Lets see what happens. It hit its all time high today and held well for once.

 

[Brujo]

Yes, getting very thin on the seller's side of the equation, something I always like to see! I'm not a technical trader or anything, but I always feel much happier seeing the sellers dry up. Gives the stock a chance to really gap up.

Expecting a strong day tomorrow!

 

[chris1983]

Just hit .535 EURO in Germany. Things are looking good.

0.535 EUR = 0.869152 AUD

 

[nizar]

Just hit .535 EURO in Germany. Things are looking good.

0.535 EUR = 0.869152 AUD

Chris.
Do you have a direct link to this page, so i can put it on my favourites.
Thanks.

 

[chris1983]

http://au.finance.yahoo.com/q?s=L6Y.F&d=t

I only use yahoo finance. Just load it and let it sit..will update on its own.

 

[chris1983]

There is really not many shares left for sale..this is great. ERN have been moving very slowly compared to some of the other explorers but I believe their grounds are world class. Comparing them to other uranium explorers in Namibia they should continue their run. Market Cap is still very low. They have a historic deposit. Looking forward to further gains.

 

[captjohn]

There is really not many shares left for sale..this is great. ERN have been moving very slowly compared to some of the other explorers but I believe their grounds are world class. Comparing them to other uranium explorers in Namibia they should continue their run. Market Cap is still very low. They have a historic deposit. Looking forward to further gains.

ERN has broken out of its trading channel & trending right up!!
I got out of that dog EXT @89c &topped up withERN @75.
Good decision ...these low cap. companies that chris ferrets out certainly seem the way to go!
ERN starts drilling soon ..??is that correct?

 

[chris1983]

ERN has broken out of its trading channel & trending right up!!
I got out of that dog EXT @89c &topped up withERN @75.
Good decision ...these low cap. companies that chris ferrets out certainly seem the way to go!
ERN starts drilling soon ..??is that correct?

yeah in April I'm pretty sure captjohn. The historic drilling is the upside..just need them to report back some decent grades now..Like BMN we know the uranium is there. Hopefully by the time they do have some results the spot price has been driven up further and we will be sitting sweet with this one.

 

[bigt]

Well, after making a tidy profit earlier in the year (bought ERN at 40c..yes, I wish I had held..) I am back in this great little company. The similarities to BMN are significant and I feel this is just the start of a great run in 07 and beyond.

Strange trading action today (profit takers? general market sentiment?) - with the Frankfurt close at 87c (approx)..dropping to 81/82c so far.

Once the drilling gets underway - IMO this is really going to take off, as investors realise this is no fly by night uranium startup..the word is already spreading. Good luck to all holders.

 

[chris1983]

Well, after making a tidy profit earlier in the year (bought ERN at 40c..yes, I wish I had held..) I am back in this great little company. The similarities to BMN are significant and I feel this is just the start of a great run in 07 and beyond.

Strange trading action today (profit takers? general market sentiment?) - with the Frankfurt close at 87c (approx)..dropping to 81/82c so far.

Once the drilling gets underway - IMO this is really going to take off, as investors realise this is no fly by night uranium startup..the word is already spreading. Good luck to all holders.

Right on bigt. Thats why I have a decent holding in these. After a strong start this morning I was hoping for them to atleast stay in the green. Holding above 80 is still good though and I'm looking forward to further news from Erongo.

 

[Reefer]

Something must be brewing with the early exercise of all these options - another 1.5 mill announced after the bell. Around 2 mill in three weeks. Can only be to do with the mineral sands demerger surely?? Why else would you cough up the 20c a couple of years early. Unless they are "friendlies" supplying some funds for an expanded drilling progamme, although it's only $400k. Any ideas?

 

[chris1983]

Something must be brewing with the early exercise of all these options - another 1.5 mill announced after the bell. Around 2 mill in three weeks. Can only be to do with the mineral sands demerger surely?? Why else would you cough up the 20c a couple of years early. Unless they are "friendlies" supplying some funds for an expanded drilling progamme, although it's only $400k. Any ideas?

I would put my bets on what your thinking reefer. The rest of the mineral sands licenses may be granted soon. The buyer/seller depth is still looking very good. Profit takers came in but they were soaked up. Looking forward to tomorrow

 

[nizar]

I really feel this couldve been an outstanding breakout 2day but general market sentiment let it down.
U plays down in general.
But BPO was really a goer.

 

[JWBH01]

Something must be brewing with the early exercise of all these options - another 1.5 mill announced after the bell. Around 2 mill in three weeks. Can only be to do with the mineral sands demerger surely?? Why else would you cough up the 20c a couple of years early. Unless they are "friendlies" supplying some funds for an expanded drilling progamme, although it's only $400k. Any ideas?

Can anyone excise their options at any time? What are the advantages? I hold options due to the leverage. If there is a spin off will option holders miss out?

 

[chris1983]

Can anyone excise their options at any time? What are the advantages? I hold options due to the leverage. If there is a spin off will option holders miss out?

Yeah. I think thats the case? Thats why some people think the spinoff for the new mineral sands company may be on the cards due to all the options being exercised of late.

 

[nomore4s]

Can anyone excise their options at any time? What are the advantages? I hold options due to the leverage. If there is a spin off will option holders miss out?

The way I understand it is you can exercise the options at anytime, the only advantage would be you get a fully paid share and I believe option holders miss out on the spin off.

 

[JWBH01]

Thanks Chris1983 and NoMore4s. It's not what I wanted to hear and I don't really have the cash to excise the options. I guess I will just take my chances and hope the growth in the option does well in the next few years.

 

[chris1983]

Thanks Chris1983 and NoMore4s. It's not what I wanted to hear and I don't really have the cash to excise the options. I guess I will just take my chances and hope the growth in the option does well in the next few years.

You have excellent leverage on the options..expiring in 2009. I actually would of made more money if I had of bought the options because I could of bought more..but this is one benefit of being a shareholder and not an option holder. The main focus is the uranium assets anyway. The mineral sands spin off may turn out to be good..I hope so..but the uranium is my main interest . Usually the oppies trade at heads to the main share..maybe they will once the spin off is done and completed. All the best.

 

[kevro]

Yeah. I think thats the case? Thats why some people think the spinoff for the new mineral sands company may be on the cards due to all the options being exercised of late.

Hi Chris, I spoke to the company secretary yesterday about this same issue about having options and the possible spin off of a new mineral sands company. He was'nt a 100% sure but he believed the company would give the opportunity for the holders of oppies to convert over before final day is set. As I said he was not a 100% so he took my number and is going to get back to me when he speaks to the boss man who gets back from Namibia today.

Kevro

 

[chris1983]

Hi Chris, I spoke to the company secretary yesterday about this same issue about having options and the possible spin off of a new mineral sands company. He was'nt a 100% sure but he believed the company would give the opportunity for the holders of oppies to convert over before final day is set. As I said he was not a 100% so he took my number and is going to get back to me when he speaks to the boss man who gets back from Namibia today.

Kevro

Nice work Kevro. I appreciate the info and I'm sure others do also.