ERN - Erongo Energy

[Logique]

It's all academic to me, I'm on the sideline until this one sorts itself out.

My gut feeling is it's just that traders have got hold of it.

But just that uncertainty, however unlikely, if a neutral announcement came along. But on balance of probability, Boy_888 might have the last laugh on us all. Look at that late day rally today, see in the chart below. From weaker hands into the stronger as they say. Good luck to you Boy_888, admire your style, not sure I'm that brave!

 

[no66y]

ERN is drilling RC holes for 10,000 meters to cover an area of 1,800 x 1000m known as Area 1 which contains the historical u find contained within an area of 500 x 800 m (from memory) and aboout 35-35 meters thick u zone. RC drilling is probably to 75m per hole (may be some deeper or angled). They are drilling at this rate of 100 -120 meters per day, so they would be about 4,000m into the first stage of the program. They continue drilling on other areas so there should be many months of drilling data coming to the market.

My understanding is that they are putting at least twenty holes into the "core" of the historical resource to allow assaying and release to the market in about mid July. They will continue drilling around the core and its extensions to come up with a resource estimate.

hey guys im new to this stock, been looking at entering soon.... found an interesting quote from sydneysider about erongo's current activities. also found a pattersons report on Erongo that i couldn't see that anyie had made reference to that was published in June.

http://www.extres.com.au/documents/Announcements/Paterson June 07.pdf

enjoy.

 

[chris1983]

Hi no66y..you getting a little mixed up with extract resources (EXT) That is another promising company with promising projects..market cap 155 mil based off ordinary shares..Erongo are a lot cheaper play than EXT..their market cap based off ordinary shares is 30 mil..they also have around 5 mil cash at bank from memory. Below is a better article explaning erongo..there was also some good information added at the start of this thread.

http://www.erongoenergy.com.au/files/announcements/RMR_ERN_26_03_2007.pdf

IMO erongo's management are a lot stronger than EXT. EXT are starting to look interesting from here though...but if I was to go for a more advanced explorer I would go for Bannerman..just my personal opinion..this is the reason I hold both BMN and ERN. ERN are my super spec in Namibia and BMN are a more advanced explorer with stronger fundamentals. All the best with your decisions.

 

[Basilisk]

New chairiman and managing director announced today.

http://markets.news.com.au/Newscorp/Company/Announcements.aspx?SecId=ERN

 

[no66y]

ok, whats the deal with the options. a couple of days ago a massive order for 500,000 options popped up at 40c. which made sellers sell at this price, after a price ceiling was set by another large sell order. Now a few days later we have 620,000 options selling at 40c, with one buyer amongst them who holds 500,000. is this a direct bulling ploy to get sellers paniky to sell below 40c, cos i know that once 40c order starts to be filled the 500,000 sell options will magically disapper, just like that. must be the insto's that a rubbing their hands together, just waiting for some poor buggers to lose their cool!

 

[Logique]

Hey thanks Erongo management,
that's pretty cool getting a copy of Resource Stocks, I'm just checking out the article now.

 

[SGB]

Hey thanks Erongo management,
that's pretty cool getting a copy of Resource Stocks, I'm just checking out the article now.

Yer, got mine a couple of days ago. Its time to start my fundamental training.
Damn good reading i must say.

 

[witch]

Gents, I've found this (German) info in my trading system.

Erongo Energy Ltd. / Personalie

10.07.2007

Veröffentlichung einer Corporate News, übermittelt durch die DGAP - ein
Unternehmen der EquityStory AG.

Neuer Chairman und Managing Director bei Erongo Energy Ltd.

Balcatta, Western Australia, Australien. 9. Juli 2007. Erongo Energy
Limited (Frankfurt WKN: A0LD9K , ASX: ERN) gibt bekannt, dass Mark Gasson
zum Managing Director und Ron Gajewski als Director und Chairman ernannt
wurden. Mathew Walker und Davikd Ledger sind von ihren Ämtern
zurückgetreten.

Mark Gasson

Mark Gasson trat dem Board im November 2006 als Non-Executive Director bei.
Er hat die Position des Managing Director mit sofortiger Wirkung
übernommen. Er ist ein Geologe mit Sitz in Kapstadt mit Erfahrung in
verantwortlicher Position bei einer Reihe von australischen und
internationalen Bergbaugesellschaften, die in Afrika aktiv sind. Er war
zuvor Executive Director von Tiger Resources Limited und
Explorationsmanager für Ost-Afrika von Gallery Gold. Das Vollzeitengagement
von Mark Gasson wird die technische Expertise und das Management Team
deutlich verstärken.

Ron Gajewski

Ron Gajewski wurde als Dirketor ernannt und übernimmt die Position des
Chairman.
Ron Gajewski ist ein qualifizierter Wirtschaftsprüfer mit großer Erfahrung
als Director und Berater für börsennotierte Gesellschaften. Ron ist derzeit
Non-Executive Director von Burey Gold Ltd und Executive Director von
Carnavale Resources Limited. Er war zuvor Executive Chariman on Contact
Resources Ltd und war als Director sowohl für kanadische wie auch
australische Gesellschaften tätig.
Ron bringt ein beträchtliches Maß an internationaler Erfahrung in die
Gesellschaft ein.

Update für Bohrungen

Erongo bestätigt, dass das auf 10.000 Meter angelegte Bohrprogramm auf dem
Erongo Granit-Projekt fortgesetzt wird. Die ersten Ergebnisse , die im Juni
2007 veröffentlicht wurden, bestätigten eine oberflächennahe Uranvererzung
auf der 'Area 1'-Liegenschaft und das Potenzial für eine großvolumige,
niedrig gradige Uranlagerstätte, die sich evtl. für den Tagebau eignet. Die
Bohrungen testen derzeit die Erweiterungen der bekannten Vererzung in einem
Areal von 1,8 Kilometer auf 1 Kilometer, das kürzlich durch
geophysikalische Untersuchungen abgesteckt wurde. Vorausgesetzt, dass die
Analyseergebnisse von den Labors zeitgerecht zurückkommen, erwartet Erongo
Ende Juli, Anfang August weitere Bohrresultate.

Für weitere Informationen wenden Sie sich an:

Erongo Energy Limited
Patrick Flint
Director
Tel: +61 2 9212 7999
admin@erongoenergy.com.au
www.erongoenergy.com.au.

 

[Sean K]

Gents, I've found this (German) info in my trading system.

Erongo Energy Ltd. / Personalie

10.07.2007

Veröffentlichung einer Corporate News, übermittelt durch die DGAP - ein
Unternehmen der EquityStory AG.

Neuer Chairman und Managing Director bei Erongo Energy Ltd.

Balcatta, Western Australia, Australien. 9. Juli 2007. Erongo Energy
Limited (Frankfurt WKN: A0LD9K , ASX: ERN) gibt bekannt, dass Mark Gasson

..........................

echt zurückkommen, erwartet Erongo
Ende Juli, Anfang August weitere Bohrresultate.

Für weitere Informationen wenden Sie sich an:

Erongo Energy Limited
Patrick Flint
Director
Tel: +61 2 9212 7999
admin@erongoenergy.com.au
www.erongoenergy.com.au.

Thanks witch, that's great info. Just one small point. This is an Australian stock forum, and we speak English down here unfortunately. Well, sort of English. Germany had their chance in the 1700s to take us, but you missed out. Cheers, kennas

 

[SGB]

Thanks witch, that's great info. Just one small point. This is an Australian stock forum, and we speak English down here unfortunately. Well, sort of English. Germany had their chance in the 1700s to take us, but you missed out. Cheers, kennas

He He He
nreght hfyrt rj fdkffr lfkjruyr lflftgjeldl djhdhgkj uythngh kdidlo oiudsjtr osnjsgr
snmshjdg dsldkdiduj
sndndndn snmsnmms Kennas

Translation:
Ha Ha Ha,
nice work kennas

 

[witch]

Hi Kennas, thank's for your hint ... and sorry, that we missed our chance in the 1700th. Next time. I'll try to use your language.

 

[timelord]

Hi Kennas, thank's for your hint ... and sorry, that we missed our chance in the 1700th. Next time. I'll try to use your language.

Seems like no one is following this anymore? Seems to have settled around the 200dma with support at 55cents and just moving sideways. Does anyone have any news that is coming up? Seems to be a mixed bag with Nambian explorers. BMN sinking fast.

 

[pk_wasp]

What do people make of the "mistakes" regarding the uranium grades in June?

Seems quite unbelievable to be honest.

Hopefully they report with more accuracy in the future.

 

[Go Nuke]

Yes, well it cost them dearly in relation to the share price, though perhaps it would have fallen anyway becasue people were expecting more.

I can't believe that its taken this long to tell us of the mistake! There appears to be some very good hits there at low depth which is good to see. Not bad in my opinion considering how little drilling they have done.

Its a shame that there has been a downturn in interest in Uranium or perhaps this ann might have done more.

Am I right in reading that they have about $4.7Mil in the bank? Thats should keep them going for a wile shouldn't it?

All in all, i dont think we are going to hear much out of Erongo until the end of the year when the drilling rigs have actually churned through some work. (August/Sept drilling starts.)

 

[sydneysider]

Yes, well it cost them dearly in relation to the share price, though perhaps it would have fallen anyway becasue people were expecting more.

I can't believe that its taken this long to tell us of the mistake! There appears to be some very good hits there at low depth which is good to see. Not bad in my opinion considering how little drilling they have done.

Its a shame that there has been a downturn in interest in Uranium or perhaps this ann might have done more.

Am I right in reading that they have about $4.7Mil in the bank? Thats should keep them going for a wile shouldn't it?

All in all, i dont think we are going to hear much out of Erongo until the end of the year when the drilling rigs have actually churned through some work. (August/Sept drilling starts.)

One drill on such massive properties is absurd. At the current rate of drilling this will go on for several years. The drilling rate is what made all of the day traders flee some time ago. Now we will get a small amount of results in dribs and drabs over the next many? months.

 

[bigt]

Please look at the trades going through today for ERN, they look absurd, lots and lots of small trades, what this means..no idea but it looks like its being manipulated for some reason or another. Holding up well today.

 

[exberliner1]

Those little trade are usually a programme trade used to facilitate a net exit or net accumulation... I was a bit confused as well the first time I saw this on a stock earlier this year

EB

 

[Go Nuke]

This is turning out to be one strange stock

After the recent bad days we have had, ERN is just sitting put around 60c.
Its trading just under the 200 Day moving average.

It would apper to me that a sideways trend channel is forming between about 54c and 61c.
The MACD is looking good though.

Anyone got any thoughts on this.
Perhaps like me investors are just waiting to see what else ERN can come up with in the exploration.

 

[Sean K]

Anyone got any thoughts on this. Perhaps like me investors are just waiting to see what else ERN can come up with in the exploration.

Yes, I agree. If the next news is good, then up. If bad, then down. They need to do better than their last results IMO. More of the same and they'll be struggling. What they must get is majority drill holes with good widths at 200ppm ++. Anything less and I think Mr Market will be dissappointed, as they were with the first set of results. Bad market to be releasing average results in too. All the best!

 

[bigt]

I know its been a bad few weeks for the ASX in general...but this stock is being seriously manipulated down using some interesting tactics. For the last few weeks, the buy side is extremely thin in the morning (IMO to push the price down), then all of a sudden huge buy orders come in at the top to snap up any weakness. These big orders disappear until the next day..first thing in the morning, no big orders, buy side thin, then wham..100k orders come in at the top. Its hard to see the effect in a dropping market, but I'm sure something is going on to push the price down (Even further than it would on a day like this). Reasons why are beyond me but its just interesting to see these tactics.