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ERN - Erongo Energy

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Hey Kennas,

I pretty much bought them from the reasons you mentioned being radiometrics and market cap. They are cheap compared to others and I personally think they hold better ground than some of the other uranium explorers in Namibia. They also have a 90% interest in their tenements. Management is not the best but they seem to be doing a good job. I say this because I spoke with Patrick Flint the executive director and they are moving things along as fast as they can..he seemed decent and I just have to wait to see if we get results with the sp and moving the company forward.

Klaus Eckoff is handling everything within Namibia and he knows his stuff...he is also well known and respected. I think they will tie up the only tenement left they are trying to get approved which will also have a historic resource on the grounds. See the last post on page three of this thread. Have a read of the share holders within this company. Enormous potential.
 
kennas said:
Thanks Sydneysider. I don't know too much about RM Capital. Are they reputable? I noticed they got paid $30K for the report, and they own the stock.....
Click to expand...

All stock brokers get paid for writing a short report.. otherwise why would they call themselves "licence" brokers at the first place.
 
Jus said:
All stock brokers get paid for writing a short report..
Click to expand...
Are you sure Jus? So when a broker puts a sell on a stock they get paid for it?

I think we're talking about different kinds of broker reports, or analysis, aren't we......
 
Jus said:
All stock brokers get paid for writing a short report.. otherwise why would they call themselves "licence" brokers at the first place.
Click to expand...

some brokers get paid, but they have to disclose it...likewise they have to disclose when they own securities in the company...there are often conflicts of interest eg a broker writing a favourable report to keep or attract corporate business with the company, but it is certainly not always the case they receive a financial or other benefit.

There is such a thing as an independent broker report jus!
 

Reports/analysis get paid, whereas recommendations don't. Think u guys are talkin about recommendations.
 
What do you think the speculative buying will push the share and the option price out to?
 
just look at the depth....at close today there was only 100k shares on the ask side between 58c and 90c....The bid side was reguarly above 1mn within a cent or two of the market price...

It can only go up on Monday imo ....no one wants to sell...plenty want to buy.

EB
 
depth is looking really good..I hope its up on monday Actually I hope they just secure the final license. Thats all I want to hear.
 
This is a post from HC......well done again Lenni..

Anyone got any comments....

I am just glad I bought some more today....to addto my free carried holding from last year...

I took the aeromagnetical image map and crossed it with the historic claims map (uranium report by Namibian Ministry of Mines and Energy) and transfered the data into a google-earth image of the region. As you can see the historical drilling with U3O8 grades up to 380ppm occured in our licence area No. 1

Cheers

Lenni
 
Any affect with the lower Oil prices, and now there saying Petrol will hit below $1??

Ideas how it will affect this stock?
 
Time frames for the development of nuclear power stations look well into the future needs of cities/countries. I can't see those forward-looking plans suddenly being shelved over short-term fluctuations in the oil price.
The important thing at this point in time is to try and separate the "wheat from the chaff" when it comes to uranium explorers. Uranium is a commonly occurring mineral so we need to discern between those companies that actually have a chance of producing, and those simply riding the U wave.
 
What effect the water crisis on nuclear power decisions? The price of oil is a consideration however water is a must for most of the existing power stations isnt it? Would that precipitate a swing towards nuclear which would have a positive impact on U?

Forgive me if i am totally wrong on this please.
 
nuclear power stations in the UK are by the sea.....lots of water in the sea I am reliably informed....so water is not really an issue

EB
 
Looking good guys..hopefully we can see it hold in the 60's and build a new base at these levels.
 
chris1983 said:
Looking good guys..hopefully we can see it hold in the 60's and build a new base at these levels.
Click to expand...

Now at 63. U dementia might take this one a lot higher.
 
hit 63.5. Broke its previous high..and buyers are building. News on the cards? or maybe investors just realising its undervalued.
 
Great research Chris I got in late today as a pure Technical Breakout over 0.63, and then I read some of the research you have put into ERN.
I may top up tomorrow and enjoy the ride. Up I hope.
 
I hope they also continue their upwards movement Sanhedrin. The buyer depth is pretty heavy atm so it does look like it could be a good day tomorrow. good luck...I think we will continue smiling.
 
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