ERN - Erongo Energy

[Aussi Maddog]

Looking good, things are hotting up.

Appears volumes are increasing which is very positive.

Hoping for further action on the ASX.

 

[Sean K]

Looking good, things are hotting up.

Appears volumes are increasing which is very positive.

Hoping for further action on the ASX.

Welcome Madgog!
What do you mean by 'things hotting up'?
Volumes aren't any different than other periods over the past few months, what do you actually mean here?
Hoping, or 'expecting' further action? And what do you really mean by that?
All the best,
kennas

 

[kevro]

This could be the last shopping day for getting into or topping up on ERN / ERNO. If the announcement with results is out pre open on Monday then if your not in already you may have to join the rush and pay a higher amount (Assuming the results are good. They should be as they are confirming historical results). Expecting a good day and the early bids are very encouraging.

Kevro

 

[Pommiegranite]

can anyone tell me what the premium is on conversion of Options and expiry date please?............

Thanks

 

[Sean K]

This could be the last shopping day for getting into or topping up on ERN / ERNO. If the announcement with results is out pre open on Monday then if your not in already you may have to join the rush and pay a higher amount (Assuming the results are good. They should be as they are confirming historical results). Expecting a good day and the early bids are very encouraging.

Kevro

Let's not jump the gun kevro. Encouraging people to buy based on your hunch is not the ASF way. This could be the way, but it is no certainty. Too early to see how the open will go. The 105 bid could be taken off, or a 110 could come in. Because they're confirming historical results does not mean they will be 'good'. What if the results are poor? Then if you buy now on expectation of 'good' news you'll probably be out of pocket. What if this is a buy the rumour, sell the fact event? Also, there's no guarantee there's going to be news Monday. What if they fail to get news out next week, or even the following week? The waiting may cause a sell off. But of course, you may be correct too. Sorry, but I just need to play devils advocate and keep a balance here. It's my job.

 

[nizar]

This could be the last shopping day for getting into or topping up on ERN / ERNO. If the announcement with results is out pre open on Monday then if your not in already you may have to join the rush and pay a higher amount (Assuming the results are good. They should be as they are confirming historical results). Expecting a good day and the early bids are very encouraging.

Kevro

Oh you reckon?
Every1 thought BMN would go to the moon which its last few announcements, but instead it was dumped.

WHy cant the same thing happen to ERN??

The view iv always maintained is that its hard to know which fundamnetal news/announcements will move the sp. Thats why i trade the price action. Its the only thing that determines my profitability.

 

[chris1983]

Welcome Madgog!
What do you mean by 'things hotting up'?
Volumes aren't any different than other periods over the past few months, what do you actually mean here?
Hoping, or 'expecting' further action? And what do you really mean by that?
All the best,
kennas

Hey Kennas you just need to see the trading overnight on the German market to know there was a lot happening. It touched .699 euro and finished at .678 euro on I think the largest volume I have ever seen traded over there.

0.699 EUR = 1.13490 AUD

0.678 EUR = 1.10080 AUD

The volume was

Volume: 3,747,810

and the average volume traded is usually

Avg Vol (3m): 46,758.4

The Germans are obviously anticipating good results because they really went in hard lastnight.

 

[Sean K]

And just to throw some more perspective in, this chart is throwing up a 'tread with caution' signal to me. Jumping out of the BB at the top of the channel and overbought on stochs. Or, at least it's telling me that there may be consolidation with an opportunity to buy in around the 90 cent mark. Of course, it could ignore this trend too, and go parabolic.

 

[Aussi Maddog]

Just as I mentioned previously last nite. Things are hotting up. Volumes Up, size of trades ++++

As discussed positive results does not always equate to a positve rise in the share price.

However this is different, ERN limited stock available another huge run on all commodities overnite in the US will help.

The whole region in where Erongo is mining is a hot spot for Uranium (but very low grades) however spot U8O prices makes even low grades economic remember the Gawler Cration a few years ago lots of companies just with leases in region went blue sky then came back to earth, difference here with Erongo is it has the resource as previously proven, the big question is hoe much and how big is the actual resource is.

 

[chris1983]

There are a lot of buyers lined up above a dollar now.

Just what I like to see. Want to see it hold above this dollar level..and when the message is released lets hope it doesnt go back like Niz suggested as a possibility. It could very well do so..but I think if the results are good it will move up a lot higher as the MC is still fair compared to its peers in Namibia. Bannerman is cheap compared to its peers though and when they release a good announcement it hasn't helped them of late so Ill be watching with interest

Thats just my opinion. Good luck to holders.

 

[sydneysider]

And just to throw some more perspective in, this chart is throwing up a 'tread with caution' signal to me. Jumping out of the BB at the top of the channel and overbought on stochs. Or, at least it's telling me that there may be consolidation with an opportunity to buy in around the 90 cent mark. Of course, it could ignore this trend too, and go parabolic.

Overbought stochastics can stay very overbought during a very bullish run especially where she "gaps up" as ERN did this morning.

 

[Sean K]

Overbought stochastics can stay very overbought during a very bullish run especially where she "gaps up" as ERN did this morning.

Yes they can, but not because of a gap up? Well, I haven't read or seen that particular event before anyway, so I'll say you may be right. However, when you add in the break up through the BB and breaking up out of trend, that adds up to me. Having said that, stocks do break out of trend, as this did in the green circle recently. Having said that, days not over yet. Too early to call anything IMO. Apart from the chart still looking great, the MC still looks pretty conservative comparitively, as Chris has mentioned. Although, that doesn't mean 'value' in itself of course. Anyway, rambling...

 

[sydneysider]

Yes they can, but not because of a gap up? Well, I haven't read or seen that particular event before anyway, so I'll say you may be right. However, when you add in the break up through the BB and breaking up out of trend, that adds up to me. Having said that, stocks do break out of trend, as this did in the green circle recently. Having said that, days not over yet. Too early to call anything IMO. Apart from the chart still looking great, the MC still looks pretty conservative comparitively, as Chris has mentioned. Although, that doesn't mean 'value' in itself of course. Anyway, rambling...

The "gap up" is indicative of a total evaporation of new selling above 1.035 and below 1.05. Must be a big buyer/s in the market prepared to "compete" at 1.05 - 1.06. I suspect that the market will get bullish again this afternoon if volume climbs by another +/-300,000 shares. I suspect that German brokers are buying up blocks of ERN on the ASX and selling them to their European clients with a markup. This is adding considerable strength to the chart pattern.

 

[chris1983]

The "gap up" is indicative of a total evaporation of new selling above 1.035 and below 1.05. Must be a big buyer/s in the market prepared to "compete" at 1.05 - 1.06. I suspect that the market will get bullish again this afternoon if volume climbs by another +/-300,000 shares. I suspect that German brokers are buying up blocks of ERN on the ASX and selling them to their European clients with a markup. This is adding considerable strength to the chart pattern.

Buyers are chasing this one and chasing it hard. four buyers for 175,000 shares at 1.07. Very strong atm. Im extremely happy with the performance todays..like mentioned earlier lets hope it continues to run after the announcement.

 

[juli]

http://www.stockinterview.com/News/06022007/Uranium-Auctions-Higher-Price.html

Spot Price 11.5 Percent Higher

Does rise and does rise ... this is the new Forsys?

juli

 

[chris1983]

http://www.stockinterview.com/News/06022007/Uranium-Auctions-Higher-Price.html

Spot Price 11.5 Percent Higher

Does rise and does rise ... this is the new Forsys?

juli

Thanks for that Julie. Everything is looking good for uranium stocks. Glad I'm holding a bundle. Erongo traded higher in Germany lastnight also. Closed at 0.689 EUR

0.689 EUR = 1.11387 AUD

Also on heavy volume for the second day running.

Volume: 1,631,878

Looking forward to results.

 

[BankRoller]

Chris,
ERN is certainly looking promising especially with the high volume in which it has been trading recently.
Does anyone have an idea as to when the drilling results will be released to the market?

 

[chris1983]

Chris,
ERN is certainly looking promising especially with the high volume in which it has been trading recently.
Does anyone have an idea as to when the drilling results will be released to the market?

Hi Bankroller. It was supposed to be in the last week of May but it looks as if we may get results some time this week. The higher volumes in Germany do look very promising. I follow the trading over there nightly and I havnt seen this type of volume being turned over. Maybe its all in anticipation of good results. I guess we have to wait and see what the results reveal. As posted earlier by Nizar even on a good announcement we could get some investors selling out for a quick buck and pushing the price lower which has happened to Bannerman in the past but I'm holding long on this stock so as long as the results are promising I'll be very happy.

 

[Santoro]

Hmmm ...trading halt, been watching this and reading your posts, good luck to the holders of this stock...

 

[Pommiegranite]

ERN are now on a 2 day Trading Halt !!!

......I wonder what it could be?

.........Good news?