The Mystery That Is ERA

A few years ago, few brokers bothered to cover legacy Australian uranium miner Energy Resources of Australia (ERA) individually. The first reason is ERA is two-thirds owned by Rio Tinto ((RIO)). The second is that uranium was a pretty dormant market up until the mid-noughties. The third is that management has never been helpful on the numbers, making earnings forecasting somewhat of a lottery. To take a word from this morning’s Macquarie report, analysts are forced to make sometimes "heroic" assumptions.

Read More

The Dawn Of A New ERA?

It's been a dramatic few years for Energy Resources of Australia (ERA), one of the world's most significant uranium producers. At the turn of the century the company was very much under the radar, given no one was remotely interested in uranium at the time. But the accelerating build-up of climate change fear, and the subsequent re-emergence of nuclear power as a fuel alternative saw ERA's shares begin to move from their $2 or less share price. Then when the oil price started its run, suddenly we were facing a nuclear revolution. The uranium price ran amok on fervent speculation.

Read More

ERA Up On Reserves News

While Energy Resources of Australia confirmed the damage done by the heavy rains last month at its Ranger mine in the Northern Territory in its first quarter production statement and at the AGM in Sydney yesterday, the real interest was tucked away in the addresses by chairman David Klinger and CEO, Chris Salisbury.

Read More