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Maser,
Looks like the BIG SQUEEZE to me.
AK,
You gotta believe!
Stooge,
And some high powered management.
FREWIL,
I've had my eye on Sherrit.
And the nickel glut on the LME.
They will survive and thrive in the end.
As long as Madagascar doesn't sink into the ocean.
River,
"What is stopping a battery revolution is not a technological breakthrough, but a technological advancement."
Mass adoption will drive down the cost.
But we are not there yet.
2018-2020 time frame?
Sounds reasonable.
JMHO
Stooge,
JOEY knows as much as we do.
A little overzealous though.
Good entertainment value!
Just like VEGAS.
JMHO
Spartex,
I believe that the samples are undergoing lab testing only at this time. Large scale production is a different ball game.
But the results look encouraging at this point.
Mass adoption of the technology is needed.
Projections are for 2018-2020.
Still a ways out.
JMHO
JOEY,
Take your ball and go home.
We are tired and don't want to play.
WD,
Blame the Chinese, not us.
AK,
Buyer Beware!
Stooge,
They can't afford the payroll.
Stock buyback not feasible.
Someone buy them out.
JMHO
AK,
Hope the Japenese shut out the Chinese on this one.
Would serve them right for being so CHEAP!
River,
You are the genius Stooge said you were!
Tesla will lead the battery revolution.
Panasonic is vying for that market.
Nickel,Graphite and Cobalt.
All in Madagascar!
The trifecta.
Stooge,
Genuity stepped up on the TMX to support the offer.
Good to see that kind of price action today.
The "big guys" were chasing gold.
"And thus we half-men struggle. At the end, God, I conclude compensates, punishes."
WD,
Opinions are like arseholes.
Everyone on this board has one.
That's what keeps things interesting.
It's not about who is right or wrong here.
Show me a return on my hard earned money!
AK,
At my age, I don,t even buy green bananas LOL...
Maser,
I know I was hard on the JOEY.
But we can't alter the future.
No more breaking ranks Sir.
ENZR will live or die.
LET THEM LIVE!
Stooge,
If we could see the future, we would all be rich.
Gotta tell it like it is though (based on fact).
I'm not giving up for some strange reason.
Could we all be right or just plain stupid.
Hope for the former, but time will tell.
Joey,
I thought you migrated from the weed boards and I was right.
Keep sampling the product and rubbing your crystal balls.
Your disclaimer should read "For Entertainment Only"
JMHO
Stooge,
When River turns bearish, we know we are close (or at) a bottom.
Hope the Company can stay solvent until that point in time.
JMHO
Management abducted by aliens perhaps?
No, that would make the stock price go up.
The reasons for that horrible sucking sound that is money fleeing the Canadian venture scene are the same reasons causing the same sound in markets around the world.
The American markets, fuelled by fractional banking-expanded supplies of fabricated-from-thin-air money as the Fed kites cheques to the Treasury who borrows from the Fed, is thus an imaginary behemoth with real world repercussions.
As U.S. markets and stocks go up, capital flees its own countries to chase the highs, even as the counterfeited currency-fuelled stock prices create an unsustainable bubble of inflated by such fabricated demand.
Meanwhile, national markets in places like Canada stand numbly by as markets deteriorate and become bloodless mummies of their former selves.
It doesn’t help that the S&P TSX Venture Index is weighted such that the most reviled sector – mining – constitutes 51% of the companies composing the index, despite the fact that they’re entire combined market cap, as a percentage of the TSX Venture Exchange, is only 33%.
Thus, as the high volume traders are regularly half-penny zombie mining companies in the process of going supernova, the index is dragged down, and the other sectors with it. Its a recipe for destruction that compounds the downward momentum of mining exploration and causes it to infect healthy sectors.
And mining companies themselves will continue to fall off the board like dogs shedding hair with the changing seasons.
Those who have no alternative to mining – and who refuse to become medical marijuana companies on principle – are relegated to working less, and waiting.
Midas Letter excerpt:
With the S&P TSX Venture Composite now hovering about 80 points lower than its closing on November 29, 1999 – the first day of its existence – participants in the beleaguered market are getting stressed.
That’s because, with China devaluing its currency in an effort to bolster its weakening economy, and commodities showing no signs of improving, the future is looking bleak. At the current rate of index performance deterioration – the most obvious sign of capital flows in Canada’s Venture market – we will be at zero by mid-next year.
As of Friday August 14th, the Venture has closed down for 20 consecutive trading sessions.
The impact that such a rate of capital flight will have on the broader Canadian economy is in evidence now. As mining and oil and fas companies have led the sell-off, firms around the world are categorizing Canada, with its steadily weakening currency, weakening economy, and deflated markets, a ‘no-go’ zone. In other words, desks in banks and hedge funds are increasingly mandated to eliminate and avoid any risk equities denominated in Canadian dollars.
Evidence of this is apparent in StatsCan’s economic reporting. In today’s release for example, The Daily reportedForeign investors added $8.5 billion of Canadian securities to their holdings in June, following a $5.5 billion divestment in May. At the same time, Canadian investors acquired $8.6 billion of foreign securities, all non-US instruments.
In the second quarter, Canada’s international transactions in securities generated a net outflow of funds from the economy of $4.4 billion, as Canadian investors placed more funds abroad than foreign investors placed in Canada.
So what the numbers show is that for the most part, foreign investors in Canada are concentrated in corporate debt and bonds, while equities suffer. In the case of the TSX Venture, where fewer corporates are able to attract debt on reasonable terms, outflows are indicative of a general absence of confidence in the Venture sector in its entirety.
Spartex,
We are experiencing a commodities meltdown.
Too much supply for the market right now.
Not enough demand in the world.
Junior miners get the scraps.
Not much to go around.
We have the goods.
Money in the bank?
Or just bankrupt?
Time will tell.
JMHO
Stooge,
I concur with your observation.
River,
The big players will make or break this Company.
We are retail players on a runaway train.
All we can do is hang on or jump.
JMHO
AK,
I've been doing this for a while.
The one thing I know for sure is that a stock price can only go to zero Ha Ha...
A new low on large volume is not good in the short term.
Take a tax loss if you have gains elsewhere.
This play is going nowhere for now.
JMHO
Stooge,
I like the fact that Mr. Scherba lives in Madagascar.
Not like the other "desk jockeys" on the payroll.
River,
DRA is heavily invested, and the only direction is forward.
Don't think they want to see this play go down in flames.
Not good for their reputation as a major mine developer.
JMHO
WD,
The investment brokers are throwing ENZR a lifeline.
They all got caught holding the bag like everyone else.
Some funds (and individuals) are abandoning or lightening up in the graphite space.
Large overhang of shares as lock-up periods from previous offerings expire and new (fund) buyers are nowhere to be found.
Gotta have BIG kahunas (and patience) to hold at this level.
JMHO
Another change at the top and all we get from the market is a YAWN.
I think the South Africans should be running the show.
Get rid of the other high priced stiffs.
JMHO
Stooge,
I say make them "walk the plank" in Jeffreys Bay SA!
Can ENZR survive as a going concern to fill that demand?
The market is not convinced right now that they can.
Time will tell.
From latest S-1 filing:
Investing in our securities involves a high degree of risk. You should invest in the common shares only if you can afford to lose your entire investment.
No sh#t Sherlock!
The cloaking shield has failed.
Transporter is down.
Not looking good.
JMHO
River,
I don't see a share consolidation until 400 million shares.
Existing shareholders are already peed off.
For the stock price, without news,
DEAD, DEAD, DEAD.
Risk on.
Spartex,
These guys BURN cash.
The last PP will only last until September.
From the stock price, the market is getting fed up.
Hope some news coming for a bump up.
But don't hold your breath.
JMHO
When will the dilution end?
400 or 500 million shares?
Time will tell.
Time will tell.