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.
Just hit .535 EURO in Germany. Things are looking good.
0.535 EUR = 0.869152 AUD
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?
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.
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?
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?
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?
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.
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
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