Club Mulgoa

Thursday, July 14, 2011

ERN

There was almost total indifference to this stock's announcements recently. Trench sampling is not helpful in getting a JORC-compliant resource estimate. But it has some bearing on drilling results.

Hence suddenly it flew up from 13c to 17c today after 2 days delay with the last announced result. Because it is exploring in the Democratic Republic of Congo, who cares! I more than doubled my holdings in Jan 2011 with a purchase at 10c per share. With that my profit has jumped today. But this is a volatile stock, so I won't collect any bragging rights... yet.

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