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ERN - Erongo Energy

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What if they deliver though? The management is pretty good at ERN. It will show they are very trust worthy. They really havent put a foot wrong since they begun this operation. It will be interesting. I think they know they have more than enough time to to the down hole gamma ray readings which is why they stated the results would be ready by that time.
 
Why can not I find the name of Lethman bro in recent released top 20 shareholder list? Strange. The ann on 8/5/2007 said Lethman bro become a new substantial shareholder.
 
What's with the 1 seller offloading 120 000 erongo at 79c - top of the sellers list?

Looks a little strange. Any thoughts? Do they want to drive the price down, pull their bid at last minute? I know all conjecture, but why would someone do this?
 
Might be mind games happening BigT. Someone has also wacked 600k at 60c on the oppies as well.

Kevro
 
Could it not also be people who have made significant profit and want to lock it in if the share price stays stagnant/lowers?
 
LPA said:
Could it not also be people who have made significant profit and want to lock it in if the share price stays stagnant/lowers?
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Course it could be. With news pending by the end of the month some investors may not be willing to wait and see what happens. I think ERN will have another large tonnage low grade resource though. Based off peer comparisons with other uranium explorers in Namibia I believe ERN could move a lot higher.
 
LPA said:
Could it not also be people who have made significant profit and want to lock it in if the share price stays stagnant/lowers?
Click to expand...

In the case of the options he sucked in two sellers who went under him and then just prior to opening he pulled the 600k sell offer.
 
Recent Sp movement is concerning. The upcoming drilling results really need to help lift the price, as it's looking rather grim recently.

Chris, we need some reassuring words
 
svensk said:
Recent Sp movement is concerning. The upcoming drilling results really need to help lift the price, as it's looking rather grim recently.

Chris, we need some reassuring words
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um....

patience..they are drilling out a historic resource just as Bannerman has done. Will be another large tonnage low grade uranium resource. From the historical data I have seen it looks very decent for Namibian standards and should be more than profitable? Put them away and dont watch them..
 
Looks to be some games going on here this morning. A big buy order well above the going price. Is it likely to run this far out from news?
 
Still finding support each time it drops intraday which is encouraging. Support just above 75 cents for the minute but I wouldn't be surprised if it made it back to 70 support which is around the uptrend suport line also.
 

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Looking strong at the moment on a bad day for the market and U stocks.

Won't take much to push this through the previous high, esp. with results on their way shortly.
 
bigt said:
Looking strong at the moment on a bad day for the market and U stocks.

Won't take much to push this through the previous high, esp. with results on their way shortly.
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Nice breakout & macd has crossed to the upside...touched 88.5 on good volume
...maybe results soon??
 
captjohn said:
Nice breakout & macd has crossed to the upside...touched 88.5 on good volume
...maybe results soon??
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Results coming next week on first five holes drilled as twins next to old Goldfield holes (those were percussion and drill cuttings are lost). IMHO ERN is a BMN twin and the results may suprise to the upside. Technicals look very bullish MACD has turned positive and OBV has been trending positive by 10 million shares in the last eight weeks. Issued shares are only 45 million and tightly held so we could get a very bullish result after the breakout above the all time hi of 94.
 
Pretty positive move in todays market. Sellers running thin.

I wouldn't call it 'breaking out' though. It's just trending upwards. Even breaking all time high won't be much of a breakout, as that's well within the trend channel. MACD looks good but Stochs is getting overbought and if you look at the Bollinger Band overlay, it's almost poking through the top band.

The only thing really good about this move is that the general market is down a little, and there's not many sellers. Finishing EOD strong at all time high, and I might crack a vino.
 

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hey guys jumped on today, like this one a lot, have been witing for perfect entry missed out on high 70's a couple times, bit the bullet and jumped in, only on half an order though in case of weakness
 
Kennas,when I draw a trendline I take the line with the most 'touches'!
So My line is 1. all time high...then 2. it touches may 8th. 87 cent close ..& then 3 .yesterdays close..so 3 points are a trend line.....will you draw that in please to see how it looks.....thanx cheers
 
You can play it like that if you like, and I suppose you could call it a short term 'breakout', but when you're playing longer term, like I think you are, don't you need to work off longer time frames to establish trends. IMO, the past few days does not make a 'trend'. Could easily fall over on Monday, but still be in the longer term uptrend base now around 75 ish cents. Short term trading you obviously use shorter time periods, but I don't think we're doing that here.
 

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Ah kennas you can open that vino now......closed at all time high.....& I still reckon the sp has 'broken out of its trading range'
 
captjohn said:
Ah kennas you can open that vino now......closed at all time high.....& I still reckon the sp has 'broken out of its trading range'
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I have an all time high of 94 cents. Not quite sure what 'range' it's broken, capt. IMO it's been going sideways since Apr 1. When it breaks 94, then it's going up and not sideways. That's the problem with TA. Everyone sees what they want to see. I'll open a vino anyway.
 
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