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ERN - Erongo Energy

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I hope more and more people realise it is undervalued and push the price upwards. I also hope that the options have a new base around the 45 cent mark.

Anyone know when some news might be coming along?
 
Also, I would like to know people's opinion of this share compared to others also mining uranium like Allegiance Mining (AGS), Deep Yellow (DYL), Pepinninni (PNN) and Uranex (UNX). Apart from DYL, erongo still behind the others in terms of share price. Why?
 

Erongo has leases and identified a number of extremely large radiometric anomalies. These anomalies are found nearby to major uranium mines at Rossing and Langer Heinrich in Namibia. MOst of the other companies on your list have advanced into drilling programs and resource definition. ERN also has a small market cap of under $20 million.
 
sydneysider said:
ERN also has a small market cap of under $20 million.
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This is what is interesting about this stock. Hardly any U players with a market cap under $50m. Hardly matters if they've dug a hole yet in this environment....
 
kennas said:
This is what is interesting about this stock. Hardly any U players with a market cap under $50m. Hardly matters if they've dug a hole yet in this environment....
Click to expand...

Bull markets are great things BUT it is possible to screw up in this environment. MKY gets the award for silliest announcement of the month when they announced that they went panning for U yesterday. They did as little panning as possible (six samples??). Every red blooded speculator knows u pan for gold not u and they promptly dumped on the stock big time. One of the directors is an ex-Newmont executive (or some other big time gold company), maybe that is where they got the idea to go out and pan for U for the afternoon. I sometimes take visitors up to Dahlonega and we do a little panning for fun, it is easy to do and is much easier or cheaper than digging trenches (back sprain) or flying aromagnetics, you need to book the service in advance and have some technical folks color in the "red" areas where all the U is buried and they are very very busy right now. Sorry Im on the wrong thread, but GO GO ERON-GO let it rain money.
 
This one is really starting to run now...66 cents. profit takers came in after open but its still pushing higher.
 
chris1983 said:
wow someone knows something. Big jump straight to 70.
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The technical formation on ERN has gone vertical. Will be very interesting to see where the price blows to. Volume has picked up within the uptrend which is very bullish
 
Thanks Sydneysider for information. Getting excited to see where this goes and how long it will go for.
 
Trading at 43 EURO atm on the Berlin Stock Exchange. Looks set for a good day tomorrow.

43.00 Euro = 71.5458 AUD
 
kromey said:
Chris1983 do you follow MRU?
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Hey Kromey..I dont. Ill add them to the list. I havnt really got any other uranium stocks on the rader atm except for ACB. There are so many of them I just read one and stick to it untill I'm ready to cash in and find another. Theres so many to choose from..
 
Thanks Chris do have ACB and MRU JP Morgan have been buying a fair bit and AGP have 18% they are in TANZANIA. Your thoughts would be appreciated. Also bought ERN after reading your detailed research. Cheers.
 
Morgan said:
Tradin Halt now..............
Click to expand...

Probably a placement and SPP...sometimes this creates a little short term weakness but occasionally it powers onwards, I think the U sector is so hot and Namibia especially that it won't have much impact...I only hold ERNO if it is a SPP would I be able to participate?
 
Emily

ERN status is Company Trading Status: Pre-Open

Assume ASX ANN shortly!
 
With a bit of luck it might be the granting of the final permits in Namibia rather than a placement or SPP
 
They had 2 million in the bank pretty recently..and the initial exploration costs for the projects was only going to be around 500,000 in which they released in one of their announcements..they also said this had been allready funded from current cash reserves. They are also getting some cash flow from oil assets even though it may be only a small amount. So maybe the dont need anymore cash just now?

Or maybe its a placement to sophisticated investors..get more cash up and get it up fast..to get a more vigorous exploration program running. Anyway we have to wait and see now.
 
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