Mining, page-169

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27/07/17

13:25

Post #: 26115279
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Originally posted by select4wealth ↑

once the transport starts and burbank has the product..things will change..all happening in the next weeks..all good.

Been some peeps down ramping because of past unexpected delays unexpected council issues last year as in the road etc..blaming management causing apprehension and confusion and doubts ....stock went up last year in the expectation of being where we are right now..though now we really are going into production road is up..and the ore is ready and burbank is waiting....

Some are still bitter it didn't happen last year , some likely panicked and sold at a loss as the price moved down....so they linger and whine ..there are watchers out there waiting to see if the transport actually transpires ..( which it will imo )...then the buyers will come..at this time there are buyers nibbling at the pot of gold and holding ..i expect once the transport/production happens..the big buyers will come quite quickly to get a low buy in price....all seems to be happening august..

In some cases good news doesn’t always translate to a jump in stock price; in fact, sometimes the good news will produce a slight drop in a stock price. Why? Because “rumors”, can have as much impact on stock prices as official news announcements. The stock market often anticipates these news stories and “prices in” its expectations accordingly.

Of course, the reverse applies, too: if rumors swirling around a stock aren’t proven true, such as in ERLs case where there are rumours/ doubts about management credibility being circulated on HC and that transport and production won't happen..and then transport does happen and production happens..investors will respond and stock prices can be driven upward quickly as a result...the next days weeks will tell the story..GLTAH..

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The company is progressing well. As soon as production start, the SP will rerate. According to the quarterly, there is plenty to look forward to.

ERL Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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Mining, page-169

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