Luckyday8,I completely agree.I guess we'll just have to wait and...

Luckyday8,

I completely agree.
I guess we'll just have to wait and see how it holds today in a down day.

But here is my thinking:

a) The market has adhd: Fukushima (and the Japanese Tsunami for that matter) was a dramatic disaster and my wishes go to the Japanese people who will be dealing with the aftermath for a long time.
However, people still need electricity and the IAEA will make sure that such a disaster doesn't happen again: http://www.reuters.com/article/2011/08/15/nuclear-iaea-safety-idUSLDE77E0F720110815
As soon as the market gets distracted by something else, ERA will recover.

b) The market has adhd: only a year ago ERA was trading at over 14$ and paying interim dividends of 8c per share. We are not talking penny stock here. I know... I know... the mine life... the flood... the gfc2... Sarkozy just sneezed... Obama is walking the dog... etc. etc. but if you're worried, the P/B of ERA is 0.77 and they have cash in the bank. Should they pack up tomorrow you'd still walk away with a good chunk of your money.

c) The market has adhd: most analysts report I have seen give ERA a 'buy'. Granted it's because it's cheap but hey... IT IS CHEAP! And btw, those analysts get paid the big bucks to make the big mistakes but not on this one.

Cheers