ERN - Erongo Energy

allaboutprofits · 4 June 2007

Hopefully, someone can shed some light regarding this Trading Halt...

Other than yes, this could be a good sign vs. a bad sign...

Thank you,...

dj_420 · 4 June 2007

assays for first 6 holes recieved, company is putting together press release, maybe get it before wed.

so here we go, if confirmation of historical drilling should be good, better results will be better!

im sure a lot of international investors are waiting for these results prior to jumping in

chris1983 · 4 June 2007

dj_420 said:
assays for first 6 holes recieved, company is putting together press release, maybe get it before wed.

so here we go, if confirmation of historical drilling should be good, better results will be better!

im sure a lot of international investors are waiting for these results prior to jumping in

Thats what Ive been waiting for. Confirmation of historical drilling..same process Bannerman had to take. Should be interesting. Thats why there was so much action on the German exchange the past few days. Investors were getting set.

sydneysider · 4 June 2007

chris1983 said:
Thats what Ive been waiting for. Confirmation of historical drilling..same process Bannerman had to take. Should be interesting. Thats why there was so much action on the German exchange the past few days. Investors were getting set.

Original (old historical) holes were percussion drilled so it is possible that the core material got somewhat diluted with other "powered stuff" in the hole. There is a decent chance that the current drilling might carry a slightly higher u grade.

the barry · 4 June 2007

Also interesting to see that sim went into a trading halt at the same time. Possible jv or something else on the cards?

Go Nuke · 4 June 2007

Well im certainly hopeing for some good news and I would guess that others are to with all the buying going on lately.

Ive been told that "the market" generally knows when something is going to happen in theri best interest. Not that im suggesting insider trading or anything

Mind you, lets hope it doesn't do an AGS and plummet after the news comes out and disappoints some who might be expecting too much.
I'll be at work when it comes out of the trading halt anyway...so hopefully I dont come home and find a massive drop in the sp. {Guess that what stops are for}
Ive never had the oppertunity to free carry yet, this is as close as Ive got..lol.

Goodluck to my fellow holders of ERN
GN

:microwave

JWBH01 · 4 June 2007

One question about the trading halt and I might get slaughtered for this but anyway I'll ask.

Why put a trading halt on if they know the news will be well received? Why not let the rumours run and the Sp take off. If the news is good the SP will remain higher if not it will drop back, maybe worse than before the release.

Last time they had a trading halt and released news the SP dropped after they started trading again even though the news was positive.

Just interested to know people's thoughts.

sydneysider · 5 June 2007

JWBH01 said:
One question about the trading halt and I might get slaughtered for this but anyway I'll ask.

Why put a trading halt on if they know the news will be well received? Why not let the rumours run and the Sp take off. If the news is good the SP will remain higher if not it will drop back, maybe worse than before the release.

Last time they had a trading halt and released news the SP dropped after they started trading again even though the news was positive.

Just interested to know people's thoughts.

Lehman had 5% then upped to near 8%. Maybe a takeover bid coming? Namibia are not issuing any more exploration permits for u. We all agree they have some extremely good u property and still represent a great bargain. Any hi class u predator would consider ERN a cheap buy at current prices. IF current u assays are good it will drive up the sp and bring in more investors (hopefully) to crowd out any predator.

emily · 5 June 2007

this may be a stupid question but i cant get my head around it.... why do the bids increase when theres a trading halt??

allaboutprofits · 5 June 2007

In anticipation of good news from the announcement perhaps?... that's my opinion anyhow...

EDIT: unless you're referring to the pre-open stage while the Trading Halt is in effect...

Regards,

allaboutprofits...

Go Nuke · 5 June 2007

emily said:
this may be a stupid question but i cant get my head around it.... why do the bids increase when theres a trading halt??

Yeah I believe it because people are expecting a good ann and are willing to pay say $1.50 for the share.
Mind you......I did that just recently with Bannerman after they announced initial resource of 27Mil/ lbs. i thought this would be great so bought at $3.47......now look at it.
So I guess it doesn't always pay off

professor_frink · 5 June 2007

Hi Go Nuke and emily,

When a company goes into a trading halt, people can place orders that are filled when normal trading resumes, in the same way people can enter orders before the market opens each morning.

Here's how the opening price is calculated-

http://www.asx.com.au/investor/education/basics/open_Close.htm

emily · 5 June 2007

but why get all excited and pay 1.50, when the ask if just 1.02 or something.

btw.... results are out !! trading begins ~!

Go Nuke · 5 June 2007

Oh well announcements out now and by the looks the market doesn't like it!

Down 18% right now.
I have no idea if I should sell some, all or just sit on them.
I couldn't see it dropping to 58c where i bought at

tanga40 · 5 June 2007

Can somebody please shed some light of the announcement. Is it good or bad? The market doesn't seem to like the news, but the info came out just before it closed so maybe it hasn't properly been corrected yet.

Santoro · 5 June 2007

Hmmm...didn't that suck much??

Didn't think the news was good or bad...lets see what happens tonight on other exchanges.

Pommiegranite · 5 June 2007

tanga40 said:
Can somebody please shed some light of the announcement. Is it good or bad? The market doesn't seem to like the news, but the info came out just before it closed so maybe it hasn't properly been corrected yet.

Basically too many people wet their pants in anticipation on some amazing drill results.

The results ending up being par for the course, which long termers are happy with.

Day traders and panickers lose out. Rough Justice

I will top up on the morrow at 91

ta2693 · 5 June 2007

I am out at 90c. I have to say the price behavior is very strange. I think it is a stock close monitored by Investo like LB EU. Why it jumped down so sharply after good news? I think there must be something I do not know.
If it can close the gap between 90 to 110, I maybe wrong.If this share can not close the gap between 90 to 110 tomorrow, I think you know what is going to happen.

the barry · 5 June 2007

tanga40 said:
Can somebody please shed some light of the announcement. Is it good or bad? The market doesn't seem to like the news, but the info came out just before it closed so maybe it hasn't properly been corrected yet.

I wouldn't say it was the greatest results i have ever seen. Low grade and small meterage, would think it might head further south tomorrow as by the run before the announcement the market was expecting better results than this.

boy_888 · 5 June 2007

the barry said:
I wouldn't say it was the greatest results i have ever seen. Low grade and small meterage, would think it might head further south tomorrow as by the run before the announcement the market was expecting better results than this.

were bannermans results at this stage any better? i think this is an opportunity to load up big on ERN. the market has overreacted and oversold the stock for sure!

ERN - Erongo Energy

allaboutprofits

dj_420

chris1983

sydneysider

the barry

Go Nuke

JWBH01

sydneysider

emily

allaboutprofits

Go Nuke

professor_frink

Moderator

emily

Go Nuke

tanga40

Santoro

Pommiegranite

ta2693

the barry

boy_888

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