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ERN - Erongo Energy

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that day of the 94 high the closing price was 88.5....

I also use Wilders Parabolic S&R.
IMO when sp stays above the little dot.....there is a 'break out' from the trading range.
Anyway,please lets stop splitting hairs here......as we're all very happy to see ern off trending up again.
...& with some good drilling news shortly..
 

Sorry captain on the day just before that 94 high day there was a close of 91c, well thats what i can see on the charts.

So its not quite a closing high.... YET.

But its looking bullish for this stock.
 
Arghhh Nizar, No ration of rum for ye tonite from capt.yellowcake aka captjohn !!

I noticed that after I'd posted my reply...& hoping kennas would be into his second bottle about now & not see it on his chart. haha
....hic hic.
And of course,come monday sp has to stay up there to confirm our theories...
I'll open me third bottle o'rum now
 
nizar said:
Sorry captain on the day just before that 94 high day there was a close of 91c, well thats what i can see on the charts.

So its not quite a closing high.... YET.

But its looking bullish for this stock.
Click to expand...

I see a close of 91c also

I cant seem to reduce the size of this picture unfortunately
Thats what i get for being just a tradesman.
 

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Happy to be holding. Stop trying to read the little breakouts up and down. Just buy and hold based off fundamentals

Results should be out next week. All we need is confirmation of drilling results and we have a decent size resource straight off the bat. Very simple. Look at the market cap..still very cheap.
 

Kennas,

IMHO your interpretation of the chart action is very conservative and i believe that we may be in the early stage of a very major re-rating. Something similar may occur here as happened at AGY. Central Africa is "very hot" in exploration terms with lots of deals underway at very high prices. ERN is valued at around A$45 million for an extremely attractive u play and IF the first set of drilling results "match" the 30 year old u assays then the buy pressure will turn very bullish. ERN could easily carry a +A$100 million market cap and still look undervalued within its international peer group. They are drilling on targets that have enormous appeal to various u takeover predators and look much "hotter" than recent takeover target OMC (as a nearby example).
 
This information was found out by Halba some time ago. It could of been the reason for the price action of Erongo on the Aussie market aswell as the German exchange. It also could be due to results pending. Anyway it closed strogn at .59 euro.

"Mark Gasson is presenting at the zurich conference.

http://www.ir-conference.com/public/text.asp?sid=2&mm=36&msub=30&lid=2&mid=3630"

0.59 EUR = 0.968629 AUD
 

Yes,Sydneysider....Central africa is " very hot ".. & will get hotter especially namibia, coz now a closed shop on EPL's !!
Also russia & china are buttering up the nam. govt. with presents like "we'll build you a nuclear power plant...just for starters!(see stockinterview.com article )
The editor ,james finch,has just asked me to be his 'clark kent' here to identify all 'Oz listed U explorers in namibia.
I've got about 7 so far & hoping Ern has positive results for the editor to include in his article next week!

Uramin & forsys are odds on favorites for the"Yellowcake Cup" for the next producing mine in namibia ,then bmn (closing fast ) jumping straight into BFS...& after that who knows?....maybe Ern , can 'break out' from the mob, [there's that bloody 'breakout' word again].hehe
followed quickly by ; dyl, nel, wme, & ext (running last) but won the 2006 'dilution stakes')..haha..
 

Most base metals had big gains also & u.s. market up ....so all the indicators there to help rise up .......even tho' U308 can have a mind of its own......
 
Just for those who think $1 seems a bit far. Here is why Erongo could easily hit a dollar today. Directors said drill results would be pending in late May. There are presentations happening in Zurich atm and the price has the equivelant of 97 cents AUD in Germany and they are trending up on the charts. Its threatening a breakout right now. I hope this goes to show everyone that ERN look very likely to break this mark in the up and coming weeks even days with all this activity happening. $1 is only a little jump from current prices..the real goal will be staying above this price level.
 

This would be great. As a small time investor, I have invested in BMN and ERN mainly and it would be nice to see both trending upward more regularily.
 
timelord said:
This would be great. As a small time investor, I have invested in BMN and ERN mainly and it would be nice to see both trending upward more regularily.
Click to expand...

The results supposedly to be released in late May (this week) will confirm the historical data. It wont be long after that untill they can report an interim resource. The historically drilled area is not a small area also. they should have a decent size resource straight off the bat. Looking forward to the confirmation of historical data.
 
chris1983 said:
The results supposedly to be released in late May (this week) will confirm the historical data............. Looking forward to the confirmation of historical data.
Click to expand...
I'm also looking forward to them producing this. I think we're all a bit skeptical of their ability to start drilling and then get some results out so fast while others have overrun by not days or weeks but even months. If they can pull it off, them well done!! They have till Thursday, or cred wanes. I agree with you on momentum with this Chris. Just needs to keep in the uptrend to get to $1. (of course) Risk is to drop through that bottom support line previously posted. Fair way off that atm.
 

Another good point. It is a very short time frame. Im watching closely. I hope they do have something to announce this week. There can always be hold ups. We will be able to see if Management were getting a little excited with their time frames if we dont get an announcement.
 

Ern rising slowly but surely.....confirming 'breakout' in my opinion...just hit 95.....maybe the magic dollar by days end & close at 'all time high'.....hey kennas ..I'll try again to be right..but gee I'm sometimes wrong..but very happy with this. no sellers until the $1....yet!
 

Looking real strong Not much left under a dollar. Go the erongo! As predicted its continuing to move up to that dollar mark.
 
Well i dont think its going to be a disappointing ann about what U they have in the ground.

I know radiometrics dont confirm a resource as such, but I certainly liked what i saw. Especially how they rated it against the Henrich and Rossing mines

Initial Area 1 covers 800m by 250m. Is this the only area they are drilling?

Because the mineralized zone of Area 1 is open to the Northeast, West and South!

Initial Scintillometer testing confirms the resourse covers approx 1.8kms by 1km

Or are they drilling more of this anomaly?
Good news is they will start drilling on Area 3 after this drilling at Area 1

IMO I think it will easily push through the $1 when the results are released.

More low grade large tonnage Uranuim Just like Bannerman i suppose.

Here's a thought. I read someone say that BMN wanted the tennament that ERN has but weren't allowed to have it.
Perhaps if someone looks to takeover or take a big stake in ERN {like Areva did with SMM} then it could be a sign of things to come for Bannerman {though I hope not}
I'm probably dribbling crap though...I know little:iamwithst
 
Go Nuke,...dribble all you like coz sp just cracked the dollar ...on over 60,000 @ the dollar...... so going real strong....in fact getting too high for the day....maybe a speeding ticket from the ASX....
 
captjohn said:
Go Nuke,...dribble all you like coz sp just cracked the dollar ...on over 60,000 @ the dollar...... so going real strong....in fact getting too high for the day....maybe a speeding ticket from the ASX....
Click to expand...

Do you think an increase of 11% would warrant a speeding ticket?

It will just be the standard response anyway..."No..we dont know why our share price has gone up" Although it IS because the results are due.

Im not sure that i will finish the day $1 even or higher...but thats not a complaint.

At least one of my shares is going in the right direction.
My Biostcks are getting a hammering
 
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