disappointing sp

Am I the only one disappointed in the sp performance this week.

It seems as though this is being capped at around 60c.

bid at 62 for 160000 units was on the boards for 15-20 minutes in late arvo trading, then was pulled which opened the sell floodgates.

what happened to 350000 units at 64c y'day that was there for the entire afternoon- all big buy bids disappeared today

The only thing that concerns me at the moment is that no significant shareholdings are being accumulated. This is surprising when you compare this one to the likes of Mantra Resources, who has its accumulators ie anglo/jp morgan.


Mantra resources is 90c with no historical data in tanzania vs ern with a historical resource in Namibia.

Also, Mantra's tenements are restricted due to heritage sites.

I was a big fan of Mantra at 29c back in 2006, however, the comparison between ERN and MRU is now imbalanced.

ERN is a buy buy buy

However, only the med/long term holders will bear the fruits of this one.



How do you work that out