Here the text of a mail from MD Gasson to a German speaking user :
Dear Mr XXX
Thank you for your interest and investment in Erongo.
We are not expecting any results for the next 3 to 4 weeks depending on how quickly the laboratories are able to analyse our samples as they are pretty busy at the moment. As soon as we have these we will put out an announcement.
In today's market it is difficult to say when the shares will go up but I can assure you we are doing everything possible to improve the situation. We have field crews mapping and sampling the remainder of the untested 400 odd kilometres on the Erongo Project where we will also be following up on uranium mineralization identified previously by other explorers. There are also untested calcretes on the Spitskoppe Project and a vast area of ground which will be mapped and sampled for new target generation.
We have also started working on our mineral sands project and have had encouraging early results at surface as announced previously. Our environmental clearances are expected within a month after which we will be able to adequately test the potential at depth. The dunes cover an area of 90km x 20km and are up to 250m thick so have huge potential to host a major deposit.
I would not like to draw any comparisons to other companies but we remain optimistic of increasing our uranium resource base as well as discovery of a significant heavy mineral deposit. I believe Erongo has plenty of upside and we are looking forward proving this in the year ahead.
Please feel free to contact me at any stage.
Kind Regards
ERN Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held