Guess if there is no bad news that at least is something. I think a sophisticated investor who took part in the 10 mill share placement at 18c, has probably unloaded at a small loss. Not much choice than to hang in at present as the buying side is pretty horrible. My daughter was in Uganda about 4 weeks ago doing a gorilla trek near the DRC border. The BBC weather map at the time showed most of central Africa, from South Africa right up to Khartoum as a solid blue shade due to the torrential rain they were getting, it was like the Indian and Atlantic had joined up, and the rain bucketed for around ten days. So drilling may not have proceeded at the pace ERN would have liked.
ERN Price at posting:
16.3¢ Sentiment: Hold Disclosure: Held
