Putting my neck out here, but i believe it will open well above 25 cents as i said. I could be wrong but from my sources its going boom.... not hyping it up as i am not touching any speculative stocks for the minute...
Ken, I was wondering about the poor performance of this one so far considering the hype around Uranium at the moment. The fact they had trouble placing the stock was also a bit disturbing, they are due to start drilling this month so maybe it needs a bit of positive news to kick it along.
Has the market satisified its appetite for speculative U stocks for now? Is ERO late to the party? Are their resources sub-par or are there just better U plays out there at the moment such as URA? Anyone care to have a stab at this one?
dhukka we know uranium stocks have added a lot to its prices in a short period in one session.
When the results come out and investors do the figures, I am sure they will realise that they have similar resources of value at hand to the other Uranium plays. Then its just a matter of making that profitable.
At this point investors may be waiting on the sidelines for the most profitable.
If ERO doesn;t go above its issue price then there would be some serious questions on why it bothered to list at all.
Looking at the location, the chances of having a quality resource at hand is high. Whether this reflects in the share price, you are right, investors decide that.
I don't think any company intends for their share price to fall when they list, however once they do list its out of their control to a certain extent particularly with sentiment driven speculative resource stocks such as ERO.
I'm sure you'll be happy to see ERO is up todayback to it's listing price of 25c on good volume. Time to jump on board?
Location is the key, I have been told its a quality spot they hold.
With no real burst off the blocks the announcements should get the ball rolling. I will continue to hold. If it breaks the 30 cent mark without any announcements, I'd be jumping on as it will be the inside money driving the stock. It has happened with many others.
From what I read on HC at the time the IPO was open it wasn't well regarded nor was the company the assets were spun off from. As I stated earlier the fact they had to extent the IPO when most Uranium floats were running hot and needed to offer it to Commsec to top up their subscriptions is not a great sign...having said all the above I hope they find a huge amount of uranium, and good luck. I don't hold.
Yep, I remember TRO. After it jumped for 2 or 3 days I was thinking "it can't just keep going verticle, it can't." Well, it did stop eventually, so I was right. Not sure how to compare the 2 Nizar. Different projects etc. Chart wise, I'm just not sure, too early to tell. This Marree Project sounds very very prospective. Could they be beating it up a bit? 100km long palaeochannel. Would like to see a radiometrics of it.
Typical junior explorer report though. They managed to get Beverley, OD, rollfront, just about all in the one sentance. LOL.
If this is a legit pennant then target could be........49 cents!
(for those wondering - a probably t/a projected sp from a pole and pennant like this, is the distance of the pole. It's about 21 cents. So, a break from 28 cents should have the sp hitting 49 cents on break)