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ERN - Erongo Energy

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15% is the figure ASX looks for to issue a ticket, unless there's piles of companies that are over that and they haven't got time to issue them all. Not sure on volume..

Market cap approaching $80m. Probably still room to move when compared with the other explorers about the region. (BMN will be back there soon ) Wonder what the market will be happy with....
 
Well it feels good to be right on the money. Hit the $1 mark and is in blue sky territory now. Definately something a brewing.
 
kennas said:
Market cap approaching $80m. Probably still room to move when compared with the other explorers about the region. (BMN will be back there soon )
Click to expand...

Very Cheeky Kennas

some big buyers sitting under $1....
Volums OK, nothing flash, but at all time highs, albiet well within the existing channel.

having picked this one over ECH... its been a long painfull last few weeks... and there is still a long way to go...
 

Raf this one will do as well or even better than ECH. ECH also have strong management..they have released a steady flow of positive announcements. I hold ECH so of course I want it to continue its upwards run but I do feel Erongo is considerably undervalued. Its coming up to its true value. I expect further gains as the historical data is verified. I am almost 100% confident it will be verified. The companies who did the previous drilling were respected so I think its a gimme. Just my own opinion.
 
Hey chris - been looking at the ERN story for the past couple of days. Chart and Fundamental wise, things are shaping up really nicely.

I'm thinking about getting in - is now a good time? Of course it is

But what are the short term price drivers going to be?

Cheers
-Cali
 
what happens if they can't release the results by the end of the month. the sp could cool of a little, as many are buying in anticaption of a release of the results.
 

Hi Caliente. I think this stock could easily run further once historics are confirmed. If it is confirmed we have a decent size resource as I have been stating earlier. Like others have mentioned this could fall back if we dont get results some time this week as investors are anticipating an announcement. I guess it could be considered a "risky" time to buy in right now but Im holding long and I believe if you hold long there are further substantial profits to be made. All the best mate if you decide to jump onboard.
 
Congrats to all holders. And once again well picked Chris.

I've been watching ERN for a while now and it appears to have the goods. Not keen enough to make an entry just yet as am still overweight in BMN.

Nevertheless I hope it goes well for all holders and especially the BMN band of Brothers.

MB
 

Thanks MB. All I can say is remain calm with BMN. If I told you how much I was expecting for my BMN shares it would be considered a ramp so as you can tell I'm expecting a lot. I'm pretty much just waiting for the final resource estimate to be released. In my eyes BMN are on the road to glory and ERN are following a very similar path.
 
chris do you think that maybe the horse has prematuarly bolted, in anticipation of the results. i hear that these assessment labs have a huge back log of samples to get through overseas, like in the case of WME which is still awaiting overdue lab results.
 

I think initial results will be from down hole gamma ray logging. This is the only way they could get results out as fast as they say they can. Still very reliable and will confirm historical drilling.
 
do you guys think that ERN will be placed in a trading halt, before the announcement is relesed? because time could be at a premium if a halt is used.
 
Currently at .617 EUR

0.617 EUR = 1.01439 AUD

Hit a high of 0.635 EUR

0.635 EUR = 1.04418 AUD

Do they know something we don't know?
 
chris1983 said:
Currently at .617 EUR

0.617 EUR = 1.01439 AUD

Hit a high of 0.635 EUR

0.635 EUR = 1.04418 AUD

Do they know something we don't know?
Click to expand...

Unfortunatley, I don't think so.

Germany like the UK has a serious lack of listed exploration stocks. This is why there isn't as much jumping, by investors, from one exploration stock to another = less volatility

Look at how Thor mining performs in Germany compared to Oz, and you'll see a similar story (repeated situation on AIM in UK)

There's simply too much choice here in Oz. Investors are baffled by the amount of choice (I know I certainly am as I don't have a bottomless pit of money to invest). Anyways, this is why there are still a lot of undervalued stocks in Oz.

It's inevitable there will be a shakeout at some point, and the cream will rise to the top
 
chris1983 said:
I think initial results will be from down hole gamma ray logging. This is the only way they could get results out as fast as they say they can. Still very reliable and will confirm historical drilling.
Click to expand...

I totally agree with u. they would have completed this logging after the holes were drilled and only a matter of days to have them vetted and released. bring them on.
 
Looking extremely strong. Touching 1.02. I'm looking forward to these results..could be a sell down when they are released or it could push a lot higher? Will be interesting to see what happens. MC is very decent for an explorer in Namibia with their large land coverage.
 
chris1983 said:
Currently at .617 EUR

0.617 EUR = 1.01439 AUD

Hit a high of 0.635 EUR

0.635 EUR = 1.04418 AUD

Do they know something we don't know?
Click to expand...

There is probably some arbitrage going on between the two markets. The German brokers are buying ERN stock trading on the ASX and selling it in Germany with a 5% mark up.
 
Hey guys,

Long time reader so first time poster. Sent an email to Erongo and this was what i received. I guess it's something we already know.

Dear ------------

We expect to receive the first results from our drilling programme in the next few days, and therefore expect to issue a release to the market early next week.



Regards

_________________


Hi,

As a stock holder I’m just enquiring into when the drilling results will be released for the projects in Namibia?
 



Thanks for the update Mikesta. One thing I'm not fond of is when a company puts a set time on when results will be due. Management at Erongo have a lot of experience and I think thats just one little mistake they made by putting a set time for when results would be released to the market. They must be excited Still looking forward to results. It wont change anything.
 
Powering on the German exchange. Its at .68 Euro

0.68 EUR = 1.10531 AUD

Looking very interesting. Some large volume buyers went through.
 
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