plenty of sellers now.

Here we go......

Investors in the recent capital raising are getting impatient and starting to offload.

I'm not sure if it could be the catalyst for some more regular trading in ERN or a constant sell off until more funds need to be raised.

People have seen nothing about where their money has been spent yet.

How many times can management put this out there..

"The monies raised from the share placement and options rights issue will be used to identify, evaluate and acquire
mineral projects and for general working capital."

The only new addition to the quaterly ( which is starting to look like a rehashed 2009 statement )was this...

"During the quarter the Company continued to review new project opportunities in order to identify a significant
project to take the Company forward. The Company is currently reviewing two project opportunities which are
prospective for gold and platinum in western and southern Africa."

2 project opportunites.

Can someone please tell me what a listed company like Erongo can do with their new $2.8Mil?

Could they buy a new EPL?

Ideas?

Also does anyone know what happened to the remaining 18,493,976 options that weren't taken up?

"The Options not
accepted will form part of the Shortfall Offer and the allocation of any Shortfall Options will be made at
the sole discretion of the Directors."


Anyone know where they went?