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ERN - Erongo Energy

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Chris any reason why they Hold these announcements
for few days? Or is that just standard practice.
 
Not sure why Sanhedrin..It can be lifted at anytime I think? As long as the announcement is released. I usually just wait untill they lift the halt and dont look too much into it.
 
I have posted this in the past but this time instead of posting the links I'm going to lay it out a bit better just so investors can see some of the guys running the show for Erongo.

You all would of heard of the saying back the jockey not the horse..i think this philosophy stands with ERN. Of course they need a good resource but I think these guys know what they are doing. Some of their major share holders.

Reg Gillard

Reg is the Deputy Chairman of Moto Goldmines Ltd and the Chairman of Aspen Group Ltd, Caspian Oil & Gas Limited, Pioneer Nickel Ltd, Lafayette Mining Ltd and Perseus Mining Ltd and Eneabba Gas.

Mr Klaus Eckhof (The guy running everything on the ground in Namibia)

Mr Eckhof is a graduate geologist from the University of Munich, Germany and a member of the Australian Institute of Mining and Metallurgy. He's been involved with Lafayette mining..Moto gold mines..He took Moto gold mines from a 4 million market cap to over 500 million.

Dr Leon Eugene Pretorius.

Dr Pretorius BSc (Hons), MSc, PhD, FAusIMM (CP), MAIG, PrSciNat, is a uranium geochemist with 34 years experience in uranium exploration and mining operations, predominantly in Australia and Africa. Most recently he was a specialist uranium consultant and an Executive Director of Paladin Resources Ltd ('Paladin'). He remains an Executive Director of Langer Heinrich Uranium (Pty) Ltd, Paladin's subsidiary in Namibia, which is currently developing the first uranium mine outside of Canada in 20 years. He was also consultant geochemist and Chief Executive to Savannah Mining NL and Scorpio Mining NL of Australia and has worked as uranium exploration geologist for Rand Mines, Newmont (Canada) and Rio Tinto.

The experience these three guys have is so extensive. I believe they are all mates. They all live in Perth. Come on guys..make me rich.
 
hey chris - I know you pretty well from the bannerman thread. Just noticed this one go into trading halt. I imagine you're a holder atm.

Looks like Erongo have some very good jockeys, but what about the horse?

It scares me to see a 700% appreciation with no grab sample or any ppm figure at all...

What is pretty is the airborne radiometric that looks just like Rossing and LH

Any more tangible info on this one chris?

Cheers
-Cali
 
Everything I posted within the thread is everything I can think about. They havn't got samples yet...your right there. If you want samples I think you can pretty much mark that down..they will 100% have uranium samples to post in the future..they are in Namibia dont forget..the stuff is all over the place..the challenge is finding a deposit large enough and in the one spot to establish a mine. They aren't some scummy little explorer trying to get the sp up by repeatedly posting samples though...

You have to assess their epl's..the erongo mountains for example has so much granite rock..which is the primary host for uranium mineralisation its not funny..just simply do a search on google about the erongo mountains and the photos will show you the land they have on their epl's. I have accumulated a fairly large holding off information that isn't concrete..but I have put everything together and they look good to me. I have taken a slight risk but I never really went into these thinking I was going to lose. It all depends how comfortable you would feel and what level of risk you believe you would be taking. They also look extremely healthy when their current market cap is still extremely cheap when compared to other uranium explorers.
 
chris1983 said:
Trading at 43 EURO atm on the Berlin Stock Exchange. Looks set for a good day tomorrow.

43.00 Euro = 71.5458 AUD
Click to expand...


Hey Chris,
Great research on this one. Just wondering where you think this share could go in the next 12 months. I am hoping this is going to be huge this year. Also, do you know why there is a massive difference between the stock proce on the Berlin Stock exchange?
 
how can you predict where this share can go in 12 months and what kind of question is that?

these are so speculative, share price targets are pointless!

Likely answer: Can go to 30c or it can go to $5?
 

There isn't too much difference between the berlin stock exchange and the ASX..They finished at 42 EURO on the berlin exchange..that equates to..

42.00 EUR = 70.2124 AUD

Pretty close to the price on the ASX. Well I hope ERN are huge this year too.. Its nice to hear the compliments on the research but research means nothing if the sp doesnt perform..they have run from 40-70 in a couple of weeks so thats something to be happy about but don't be dissapointed if the announcement is a capital raising or placement to sophisticated investors to get more cash in the bank..it could very likely be that..then again it could be something unexpected such as a take over or anything else to make the sp rocket in the short term. Predicting an sp is impossible..they have such a small amount of shares on issue..could go anywhere..look at what Bannerman did last year. No one thought that was going to happen.

I still think even if it is a message such as a capital or placement to sophisticated investors did come out it wont hurt the sp much..even if they do offer it at a discounted price to the current sp. Erongo are in very early stages atm..they still have a long way to go. Anyway I'm tired..off to bed. I hope they come off the halt on Monday so we can find out whats happening. Good luck to the holders.
 
Placement..60c.

Should see some downward pressure on SP, though sets a good base.

One Q..do we (As Australian investors) get any of these?
 
It was one of the possibilities we spoke about..raise funds to get an "Aggressive" campaign underway. 60 cents is a good price also. We only broke that just last week. I think it shows good support from both international and australian investors.
 

I don't have any faith in Reg Gillard whatsoever from previous experience with a certain WA company (ASC) but I still think the company has promise. Would have liked to see an SPP to accompany the placement but c'est la vie.
 
Broadside said:
I don't have any faith in Reg Gillard whatsoever from previous experience with a certain WA company (ASC) but I still think the company has promise. Would have liked to see an SPP to accompany the placement but c'est la vie.
Click to expand...

I dont fully understand you. Why would you want a SPP just to dilute our current holdings? They have more than enough cash now. They probably didnt need any to begin with but only raised funds to get a more "aggressive campaign" underway. They only put another 3.6 million shares on the market..Im quite happy with how things have gone. 60 cents is going to be a good base level for the stock now.
 

I would gladly top up at a discount, we are being diluted via the placement, by participating in an SPP that effect is negated somewhat. Although on face value the placement is at 60c when you allow for the free attaching options (with intrinsic value 42c) on 1 for 5 basis the true placement price is closer to 52 or 53c but that is reasonable I suppose. Just good that we will be accelerating the program in Namibia, very happy to be holding options this company could do great things in the next 2 years.
 
I think the price is fair. Of course, everyone want to get the same deal after seeing the SP went up from 40c to 70c within a couple of weeks. But in stead of feeling bitter about the institutions, maybe you will feeling better just simple asking yourself a question: Where are you when the stock is around 40c?

I used to strongly opposite such freer-ride for institutes, but gradually, I have to get over it. Individual investor/trader is always being disadvantaged. So working hard, make a lot of money, and be institution/VIP in the future and enjoy the free-ride.
 
No one owning shares in ERN I think would be complaining. Even the guys who got in at 70 would have to be happy with the way ERN have held up. Usually after a raising the sp gets smacked down further than what happened today.

Depth is looking great. There are some big buyers in there and its going to take a lot I think to push this down now. One direction is left for ERN and thats up IMO.
 
With the share placement does already owning options any benefit or do you have to have the shares and what if you buy shares tomorrow?
 
quarterly is out and is extremely promising. I think this is a great uranium spec to have in the portfolio..I would advise investors who are investing in the uranium sector to read the report.
 
Chris what can you tell me if anything about the 5th tenament they are waiting on?

I hold both heads and opps
 
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