ERA 16.7% 0.5¢ energy resources of australia limited

share price, page-12

  1. 2,572 Posts.
    re: --gold + oil--up! don't hold your breath for jabiluka hard rider, when it comes back up for review almost no-one sees the trads doing anything but saying no again & it going back on the shelf for another 5 years
    BUT
    there is strong chatter that a substantial resource extention to the existing pit has been identified & further drilling will result in a significant upgrade + a number of very large anomolies within the existing minable lease area are to be drilled in the coming dry season. All chatter, but its consistant and diverse so should not be discounted too quickly

    For me, the main obstacle to rising share price is the hedge position whcih the co. to date refuses to answer our question as to how much and how long.
 
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