statement

just thought i'd let all holders know

-I liquidated my erongo holdings yesterday as soon as i found out the news regarding the drill results

-The drill holes were a more than 50% downgrade on expectations, showing lower grade, and 1/2 the width i was expecting


-also occurring deeper than expected.

-Erongo has only 1 drill rig and faces same practical issues as other explorers

-Overall i was disappointed with the results yesterday, quite shocked at how much lower they were. Also two holes out of six had 100ppm material, and virtually these are dusters.

-Current market sentiment - not good for extremely low grade deposits. BMN is also falling daily basis and i hold that one.

-Bottom line is i was forced to protect my capital.

-Erongo is still a grassroots explorer, and always was.