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It appears they are very confident about the graphite project going forward. A few more pieces of good news like this and who knows where we go. $400M mkt cap gets us to $2/sh.
It appears they are very confident about the graphite project going forward. A few more pieces of good news like this and who knows where we go. $400M mkt cap gets us to $2/sh.
It appears they are very confident about the graphite project going forward. A few more pieces of good news like this and who knows where we go. $400M mkt cap gets us to $2/sh.
Good riddance, I hope. Dumbasses.
Um..no. This is a net positive.
Mas, nice read. This last dilution did not include insiders, but I question the prior dilutions, especially what took place at the last AGM. Not sure if it applies, but I'm sure "disinterested" parties did not approve. Would need more research.
.."Effective January 1, 2005, TSX discontinued this practice and replaced it with a specific requirement for disinterested security holder approval for dilution to insiders exceeding 10% of issued and outstanding listed securities within any six month period (Subsection 607(g)(ii)). This new approach was intended to provide some restrictions on insiders receiving excessive benefits under private placements, but focusing on dilution rather than the number of sweeteners.
Since January 1, 2005, TSX has received a number of applications from listed issuers for private placements of units (i.e. one common share and one warrant) priced at a discount, a portion of which is subscribed for by insiders. Provided that less than 10% of the issued and outstanding listed securities are issuable to insiders (among other things), security holder approval is not currently required. However, under such private placements, the addition of a warrant, without factoring in its value into the subscription price is, in effect, providing subscribers with a discount in excess of TSX's available discounts. "
Mas, nice read. This last dilution did not include insiders, but I question the prior dilutions, especially what took place at the last AGM. Not sure if it applies, but I'm sure "disinterested" parties did not approve. Would need more research.
.."Effective January 1, 2005, TSX discontinued this practice and replaced it with a specific requirement for disinterested security holder approval for dilution to insiders exceeding 10% of issued and outstanding listed securities within any six month period (Subsection 607(g)(ii)). This new approach was intended to provide some restrictions on insiders receiving excessive benefits under private placements, but focusing on dilution rather than the number of sweeteners.
Since January 1, 2005, TSX has received a number of applications from listed issuers for private placements of units (i.e. one common share and one warrant) priced at a discount, a portion of which is subscribed for by insiders. Provided that less than 10% of the issued and outstanding listed securities are issuable to insiders (among other things), security holder approval is not currently required. However, under such private placements, the addition of a warrant, without factoring in its value into the subscription price is, in effect, providing subscribers with a discount in excess of TSX's available discounts. "
The more I read about the uses for graphene, the more sure I get that that's going to be revolutionary to technology and manufacturing in a way that plastics was in the '60's.
Add into that the presumed ability to eventually use it in a 3D printer, and you are looking at some serious tech.
I agree also. This corruption needs to stop. The fact that the option grants at the last AGM nearly failed should be good evidence to the regulators. Also, you should all plan to attend the next AGM.
Can you be more specific as to what the basis would be to deny the warrant revaluation? Does this ever get denied?
No Chinese food?
Of Course!
Mas is buying though.
I say we form a shadow board, meet in Toronto in Dec, and go to the AGM to advise these knuckleheads.
you funny. 95K block at $.30. Must be a lot of covering.
99.9% Pure Grahpitic Carbon. Cover at the open. Take your losses.
Dude, this stock doesn't do anything it's supposed to. I've been in it since '07.
It sounds like you were short at $0.10 hoping for $.09. you are screwed. At least for now, which can last 6 years before you know it.
Crooks.
You know it's bad when SjBJ1 posts and no one complains.
Vanadium oxide graphene could make more powerful batteries
http://bestmag.co.uk/news/042013-396/#.UW_xeyvF18s
Vanadium oxide graphene could make more powerful batteries
Wednesday, 17 April 2013 11:26:12 Europe/London 2
A vanadium oxide (VO2) and graphene amalgamation could make more powerful lithium-ion batteries, according to a study at Rice University in Texas.
The research team has created a cathode material – a ribbon – that promises high energy and power density for batteries. The research will be presented in the American Chemical Society journal Nano Letters.
The ribbons are far thinner than a sheet of paper, ten nanometers thick, up to 600 nanometers wide and tens of micrometers in length. They potentially charge and discharge far quicker than current materials. Tests were carried out using cathodes built into half-cells that fully charged and discharged in 20 seconds and retained more than 90% of their capacity after more than 1,000 cycles.
"This is the direction battery research is going, not only for something with high energy density but also high power density," Pulickel Ajayan, materials scientist at Rice, said. "It's somewhere between a battery and a supercapacitor."
The ribbons are made from cheap and abundant materials using a hydrothermal process, which Ajayan thinks will be scalable to large quantities.
Vanadium oxide has long been considered as a potential cathode material, vanadium pentoxide is already in use in lithium-ion batteries due to its structure and high capacity. However, due to low electrical conductivity, oxides are slow to charge and discharge. Ajayan said this problem is overcome using the baked in high-conductivity graphene lattice, which serves as an outlet for electrons and a channel for ions.
"We think this is real progress in the development of cathode materials for high-power lithium-ion batteries," Ajayan said, his laboratory is developing paintable batteries, which the ribbons' ability to be dispersed in a solvent could make them a suitable component.
Shubin Yang, a graduate student scientist, said the challenges of production involved ensuring a constant condition for the co-synthesis of the VO2 with the graphene. This required the suspension of graphene oxide nanosheets with powdered vanadium pentoxide in water that is heated in an autoclave for hours. The vanadium pentoxide reduces to VO2, which crystallises into ribbons and the graphene oxide reduces to graphene, Yang said.
Maybe they are so stupid expect the shareholders to promote the company. At this point, this is a reasonable analysis.
Is the section on the PEA listing the profit in 1,000's? Where it has this preceding the financial details. "(USD''000) "
Key Financial Returns IRR
(20 years) Payback
(years) NPV
(USD''000)
Ungeared Project IRR Pre-Tax Nominal 52 % 3 $ 555,783
Real 48 % 3 $ 421,464
Post-Tax Nominal 45 % 3 $ 460,146
Real 41 % 3 $ 341,803
Geared Project IRR Post-Tax Nominal 71 % 2 $ 428,607
Real 66 % 2 $ 329,258
The topic of the AGM should be "How much is enough?".
I'm not opposed to using equity to expand. The share price should go up, or earnings should go up when this happens. All I see is the share price stagnating, and more shares created.
The vibe I get now from what I see is that management is working for themselves. Yes, they are creating great business, but the shareholder is left out. Mgmt seems to be doing great.
What they need is some activity that ensures confidence. Like income. An off-take partner. A buyout offer. The top line. That's what defines good management. Anyone can create more shares.
The share price isn't going to zero or anyting like that. Do something that proves this isn't dead money. We'll see in a month.
And that's why were are where we are. Shares authorized upped 25%, share price goes down 25%..
Spartex- Yes, I can see that. It's been my experience watching this stock for 5+ year now that all it takes is one motivated seller with over 100K shares to tank it for a week or so. Excuse my venting on the salary issue. It's the turd in the punchbowl for this company. Great prospects & buyout candidate, but inexcusable mgmt behaviour in my opinion.
A loosely affiliated group of my associates have several million shares of this company. We are offended by the increased mgmt compensation. This stock had better start performing.
The market objects to the salaries.
I appreciated the detail in your post.
Those 2 questions are important to answer. There are people out there who have put in substantial investments in to this, and are watching the management not participate in the share drop. That's tough to stomach by itself.
My thesis is the drop in share price has more to do with the dilution than anything else. When I get a chance, I'd like to simply do an "enterprise value" calc over the last 5 years and see where we are. Compare the $0.45 price per share issued to $0.29 today, multiplied by total shares authorized. Subtract debt if any. I would expect the EV to be higher based in the improved prospects.
Again, it's a great project. This is a small company. More salaries means further dilution to raise cash, which means more dilution, which they are already doing. I hope they get with it and create wealth instead of more shares. Mgmt & shareholder interests must be aligned.
JMHo
I do not disagree with Management's strategy overall, but I am now skeptical that their interests are diverging from the interests of the shareholders.
First- on their strategy to use share awards to expand quickly. That's a prudent method to get things done without adding debt. The joint venture made sense to me after I studied it. They are by all accounts going to have a producing mine for graphite and vanadium. This is a great project.
Second- They are double dipping on options and now salaries. We can't keep awarding themselves options and pay them more at every partnership or deal they make. That's the trend. It's one for you, two for me. Management is insulating itself from the loss in wealth the shareholders suffer in the dilution by awarding themselves more options. If any deal is great deal for shareholders, then they should be content with what they have already.
When I get a chance, I will track the awards they made themselves and show their ownership value.
What I would like to see from management is the following:
1.) A statement justifying the additional salaries and awards.
2.) A statement agreeing not to make any further awards until the mine is producing, and nothing in excess of industry norms.
JMHO.
Yea, we'd go up if the shares were either not being given away, or salaries raised for no reason.
The ENZR mgmt can suck a bag of dicks.
Douches.
Yea, we are watching.
Let's differentiate between two distinct situations: It's one thing to dilute shares to raise capital. It's another to grant management a share bonus for that. If we gave them a share award to open the vanadium plant 2 years ago, which never happened, why should they deserve another award until for this one? Everytime they cut the shares for capital, they cut themselves a big stake.
The prospects are good for ENZR. The only headwind is share dilution.
I'll withhold comment on the share increase. I'm assuming it's not being held in Dec because they may have material announcements in the interim.
That's great. They need to put up. One of my pals is in fund manager. The only negative he sees is the penchant for mgmt to dilute without producing value. This Annual Meeting will be telling. The $1+ predictions won't happen if they take 20% every year. It's interfering with share value.
Management needs to hold back on any more grants to themselves until the long-term shareholders have been satisfied.
maybe they found gold. haha.
I would prefer they had the thing done in time for the annual meeting.
Well this is interesting. Considering the size of the project and new interest, is enzr withdrawing a registration because we got a better deal from someone else? which one are they withdrawing?
Seems bullish to me.
Vanadium Oxide Bronze Could Replace Silicon in Computing:
http://resourceinvestingnews.com/43231-vanadium-oxide-bronze-could-replace-silicon-in-computing.html
"However, there are concerns that there might not be enough vanadium supply if its use in flow batteries grows significantly. Even without factoring in new applications, demand for vanadium is expected to more than double by 2025 to 123,000 tons."
ENZR Insider Purchases in July '12.
I don't track this closely & was on vacation when it happened. Maybe it was posted already.
7/13/12 Schler Richard E
Chief Financial Officer Purchase 200,000 0.150 – 0.150 3,860,000 $30.0 K
Heng Joseph Controller Purchase 250,000 0.150 – 0.150 1,350,000 $37.5 K
Mckinnon Jacob Divisional Officer Purchase 250,000 0.150 – 0.150 1,625,000 $37.5 K
6/15/12 Schler Richard E Chief Financial Officer Purchase 60,000 0.310 – 0.310 3,660,000 $18.6 K
I'm no expert, but that seems like a lot of graphite to me.
I'm no expert, but that seems like a lot of graphite to me.
Interesting article on graphene:
Click here