ERN erongo energy limited

I am a little surprised that ERN is undergoing a major...

  1. 4,838 Posts.
    lightbulb Created with Sketch. 1038
    I am a little surprised that ERN is undergoing a major management shake up in the midst of its most important drill campaign. Something is not right. I am guessing that they are having trouble with the drilling rig. As of last week they had drilled about 1,000 meters or thereabouts which is awfully slow (over about six weeks??). There may be a bunch of logistics issues at play here involving the running of exploration in Namnia at a time of critical shortages due to boom conditions.

    IMHO this will take some time to clear up and the SP will suffer as a result. I am completely out of ERN at this stage. Sold half at around 90 but kept a substantial core position that is now gone (ouch). Last of the oppies went at 40.5.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.