ERN erongo energy limited

well ern looks really weak at the moment. i have finished all my...

  1. 116 Posts.
    well ern looks really weak at the moment. i have finished all my buying now looks like a 54 close would be good as that seems to be key resistance. All i have to say is this is very cheap and there is no other piece of information now that will turn this stock down.. placement out of the way, plenty of cash in the bank, its all good from here..when this thing gathers momentum which may take a week or two there will be no stopping it. over 25% retrace from the top comfortable buy for me imo.. I think there will be a big shift in the U sector from domestics to international companies such as ERN as domestics have to deal with the 3 mines policy that is still in place... i would think the directors of ern would be a bit embarassed by the current sp especially after the placement, i would think we will get a bit of news to help kick it along at least above the placement price imo..

 
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Currently unlisted public company.

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