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If the new listing only takes 60 days, that would be great. That will automatically put more volume into the action because managers of index funds will be forced to purchase shares; and that may draw some more attention for us. I hope you're right.
I thought this was a year or two play about two years ago. I don't think that a significant pps appreciation will take 5 years...it's more like 6 months in my current view. After that, then who knows? There are too many different things that can happen.
Nice news. Hopefully it spreads from Canadian investors.
Still, vanadium demand from Japan's unfortunate disaster should boost interest.
If it's a 5 year play, then it isn't worth putting your money in now (at least in my opinion). It's mostly been a waste of capital potential for the last two years. I could have doubled the money with which I went long here elsewhere; so this endeavor thus far has proven foolish.
If the pps for this company doesn't move after all of the studies and reports get released in the 3rd quarter, then investment here would have been largely a waste of time and capital.
Judging by past action, the pps will probably put me in the red once more before it moves anywhere; and I fully expect it to have a significant move during the 4th quarter and maybe before...as long as their reporting stays on schedule.
Regarding your response to Stock43: apparently somebody has a Buffet/Obummer preference as my previous post was still generally positive for the company.
I hardly give a rip who mentions vanadium. The material is what it needs to be, and I happen to think it will be sought after regardless of what a jerk-off like Buffet thinks of it or some moron like Obummer who seems to know more about "turd sandwiches." (And we thought Bush was bad?)
Russia seems to like cornering markets for energy-related materials. They had a stranglehold on Europe with gas. They've been recently buying all the uranium assets they can wherever they can; and are taking full advantage of current pricing due to the political fallout over Daiichi. I believe they are still a majority shareholder in the largest palladium mine in the US. They tried once to corner the vanadium market and failed. I'd be happy to see them try again. Russia, India, China...I say let 'em fight for the assets. I'm all for a bidding war.
I'm a bear on the share price here for the short term. It doesn't mean that I don't see big future opportunity; particularly if the VRB technology accelerates. And let's not forget that it's going to take at least 5 years to rebuild Japan. Oh, and there's India still building their country, too. Oh, and there's China still building theirs.
Who cares about Buffet and Obummer. Lofty and meaningless know-it-alls who think they know what's best for everybody. When supply and demand come together for vanadium (and hopefully a buyer of our project), nobody will care a "turd sandwich"-worth about those two people. Vanadium prices have been depressed. If you're a speculator, then this is one of many opportunities.
The chart looks terrible. It will be as I said and nothing will happen for quite a while. The pps trend is down again. 60 days won't mean much. It's going to take results in the 3rd quarter to make this move up again.
I, too, thought over $1 by the end of 2010. I don't think we'll break $0.50 before the 3rd quarter, 2011. After the 3rd quarter, we better be over $1.50.
If you're long, tough luck; no fun for your account for a little while longer. If you're looking to get in, the buying opportunities are ahead, IMO.
If the past is any indication, that approval won't happen until next year sometime. Just my opinion. It took them forever for the TSX-V listing.
LOL! Unfortunately, my Spanish is only a little better than my Italian, my friend. Which also unfortunately isn't saying much! :)
But I think I understand.
I'm ready for some big moves, myself. NOW! But I still suspect a brief period of patience is necessary. They know what they're doing...the pieces just need to come together.
I haven't kept up with SLTA. I should have.
Future for fast charging car batteries (vanadium not mentioned):
http://agmetalminer.com/2011/03/30/the-future-for-fast-charging-car-batteries/
Posted only for the big picture. There are a lot of potential technologies out there.
No problemo! :)
Well now I'm not sure which company you are really talking about. But I don't see anything happening with ENZR for a while. My guess is a perseverance-testing channel heading gradually lower for a while until they accomplish any one of the next few goals. My guess is that it's better to hibernate.
Interesting, isn't it? I wonder why? Our volume had really been low there for a while. I was figuring for a really slow Spring.
BTW, I think 5-10 years is far too long a projection. I think they will have sold the property (if not the company) in less than 4 years. Even a JV partner before then would be a major boost; but I state the obvious.
I also think that $1 by the end of the year is too low a projection if the anticipated information released in the 3rd quarter is even decent let alone great (bankable reserve report and scoping study). If there is something negative, then we'll hit the pits. I don't see anything particularly bad yet...only the possibility that it isn't as good as we thought (a far cry from a negative finding). But if it's all good, I think $1.50 will be low.
It is a crazy volatile world out there right now. Anything can happen; especially the worst.
I know. And I shouldn't have bothered cluttering up the board with a response. But I was kind of bored.
It's kind of perverse: a gold explorer without an NI43-101 report will say he found gold and the share price will go from 10 cents to $1. Yet ENZR has NI43-101 reports for just 25% of their anticipated find, and the share price remains fairly stagnant until feasibility studies are complete, and infrastructure is planned, and bankable reserves are in a report, and so on. So we have compliant documentation that the resource exists and it appears very reasonably minable...yet these goofballs come out of the woodwork questioning the number of employees (or lack thereof) and so on. It's nothing unusual, I guess. It's simply perverse when they should be harassing gold explorer boards who don't have any compliant resource reports.
Something may be up with 'Nelly's' other favorite vanadium miners. Or maybe with ours. Either way, I take it as a positive signal.
Bored there, Nelly? Not enough bad stuff in the world to report about?
If you recall any of the latest press releases (if you actually read them before you post), you might get the gist that we're in a holding pattern until sometime in the 3rd quarter.
When everything is a bust and the company is proven the sham that you believe it is, why not come back then and harass us?
Until then, your post was more a speculation than any of our real ones! LOL!
Regards,
"Jihadi"
Aren't we all happy we are no longer called Uranium Star? :)
Nuclear power isn't going away anytime soon, and neither is the need for uranium. Nuclear plants aren't closing, and they'll need to continue buying uranium. I'll wait until the goofballs out there quit selling off and then start buying.
But I bought my potassium iodide pills just in case... :)
Yes, that's exactly what I had in mind. I did structural design work in a number of transfer stations over a period of several years during my career, and I learned a bit about how they work in the process. The VRB is something that can be put into use right now. It doesn't need to ride any coat tails of wind or solar energy; which are only supplemental energy sources at best and they aren't even very productive relative to cost at this point.
I'm sure the power companies have developed an algorithm based upon usage data to figure out how much reserve capacity they need and for what time period. So I think what you said is the way I would interpret the excerpt.
I think the use of battery supply as a means for uninterrupted power supply is going to become a bigger deal in the coming years. I don't think green energy is going to be the only driver for that. I'd like to know how many new computers are coming online everyday in Asia, India and Latin America. Computers need uninterrupted supply (without surges or brownouts) to function properly. Electric cars don't need to run off of green energy production. But imagine how much more efficiently our power plants would run if we can smooth out power drain over peak periods with reliable battery storage. Then add alternative energy into that mix which, in my opinion, must have reliable battery storage to even be viable.
I think vanadium is more important than lithium by a long shot, but that's just me.
A VRB manufacturer might actually be a worthwhile play in addition to ENZR.
Good Lord, I'm beginning to sound like a "true believer."
No, they don't mean VRB. I read an article many months ago...they were intending to use a different battery system, but it wasn't vanadium; which I thought was stupid because there is enough information out there that would indicate that what they wanted to use was not as robust as a vanadium system.
I can't remember what it was, but I think their chosen system moved a bit faster than the VRB. But it could never handle the cycles, and it could not store the charge as long. I wish I could remember more...but they'll learn.
...and by the way...
Herr Coupemeister and I have gotten into it upon occasion as well. And I've been a shareholder for a long time. He knows that. But occasionally tempers flare. Don't take anything too personally. In private conversation, I've found Maseraticoupe to be a decent fellow.
Andy,
What Maseraticoupe was telling you in his own special way is that you need to do a little more reading. We know the history a bit better because we've been here quite a bit longer than you; so what you've been asking about is pretty basic to the rest of us.
1000 shares isn't much, but for the price you paid, it's worth a bit more than a night out losing at the boats. You have the gist of things. But you might be interested in some of the history. Hit ENZR's website and look at the old news releases and published articles. You'll get it.
I think you have a small company with a small following. I think you also had a private placement which took away from the volume on such a small company. I also think that you have people on the sidelines waiting to see the results of the scoping study (which won't be out for several more months at least). I wouldn't read anymore into it.
However, I wonder about Balloch's progress. I would also suggest that unless the company can generate some good news (and at this point barring partnership or buyout, I don't know if 'good news' could be anything more than superficial), I think the pps will move back just because that's what it does with small companies and nothing new.
Look: we need the scoping study done, and we need the bankable reserve report. People in it at this time like we are are betting that it's all good and we're way ahead of the herd and we'll make a bunch of money based upon our speculation and what we think we know. Other people will get in later planning to make money but not taking the risks to make a boatload like we are. The pps is going nowhere (but probably down) until we have in our hands the two studies that I mentioned above (which won't happen for a while) or news of some partnership or buyout...which could happen at any time.
ENZR requires loads of patience.
The VIX has done a 180. People are terrified of the markets but just as terrified about the destruction of our currency courtesy of the radical Bernanke (with his complicit political miscreants) and his international counterparts. Speculation is on because we're screwed either way so we may as well take a moon shot.
So fear explains some of why the markets are moving down amongst the companies on the major indexes. Speculation explains why certain equities are sitting rather tight and on small volume. Who is in is in, and with a small nugget like ENZR that nobody really knows about, who the heck is going to get out unless they really have to or have personal reasons for it or we determine that the company is a fraud (or things plainly go wrong)? You? Me? Any of us here? Unless the company announces something horrible (which we do not expect) or a big shareholder decides to depart massively and quickly to destroy the pps again, we have our moon shot speculation and why would we sell otherwise? Particularly when it seems like there are a lot of positives.
Nonetheless, I posted this article yesterday, and I think it has implications to think about. We have competition in North America that will draw investment money away from us (aided by Byron and others). My thesis has always been that interests will be coming out of Europe, but mostly India (who needs vanadium) and China (who would love to add to their reserves while simultaneously keeping the resource from everyone else).
http://vanadiuminvestingnews.com/1218/developing-vanadium-production-in-north-america/
Good article on developing vanadium projects in North America.
http://vanadiuminvestingnews.com/1218/developing-vanadium-production-in-north-america/
The race is on!
Spartex,
If I correctly remember my conversation with ENZR management, I think they thought Dundee was selling for the same reasons that Byron was selling: they couldn't get the price they wanted at the private placement. IF that's true, I have to say that I really thought better of Dundee.
Thanks for posting that. June is quite a while ago. Sprott being in is saying quite a bit in my opinion. But then again, I said the same thing about Dundee. I wonder where Sprott stands right now.
New article from Vanadium Investing News:
http://vanadiuminvestingnews.com/1207/united-states-renewable-energy-investment-potential-part-ii/
Pullbacks right now could be a real gift. Vanadium is going to be great. I hope ENZR is everything we believe it to be.
OMG! :)
How did you find that? And what energy storage company was he talking about?
I can't believe a politician could even say "vanadium redox fuel cells."
This is a big step in the right direction.
I prefer being enthusiastic, but I try to look at all angles. In many parts of the world, I think geothermal energy will provide significant competition to wind and solar farms. I'm not saying it will take over as THE green energy alternative. But I do think it will take significant market share. Nonetheless, I am bullish on vanadium pentoxide, and vanadium's use in structural/aeronautical applications and lithium vanadium batteries for cars. And who know, perhaps they'll be using vanadium at geothermal sites for various reasons ranging from corrosion to good behavior under cyclical loading.
Isn't it interesting that there were three vanadium companies holding private placements at the same time? And now another vanadium explorer has shown up in ENZR territory (so to speak). Call me thick, but ya' think there's something going on in the vanadium world?
I'll stick with my previous comment that I'm never particularly thrilled when the politicians get involved in anything. It usually means bad news for most people. However, in our case, misallocation of capital causing distortions in the marketplace is the speculator's bread and butter. I suppose now is a good time to be getting in.
Sorry longs. We were way too early...which means we were wrong and could have had a better return on our money elsewhere. But I think our day is slowly but surely coming. We'll have to make it through yet another slog, which is what the charts look like to me (sorry, Andy). But if ENZR completes a couple of their target assignments this year, I think we'll be sittin' pretty by the end of it.
IMHO, time will tell, and all the usual disclaimers.
Mixed feelings about politicians getting involved with anything. But it may help us a little bit while China deals with its infrastructure problems. They have too many cars and too much congestion now. I would expect car sales to decrease until they mitigate their problem...and they will.
D,
That wasn't the report I was referring to. I was talking about the nice article that smhiggins posted:
http://www.miningweekly.com/article/energizer-targets-2014-start-up-at-big-madagascar-vanadium-project-2011-02-02
But thanks for sharing that part of the Byron report. I have not seen it, and I'm glad to have seen just a little.
I haven't read anything but those statements, but if I can take those statements as the supposed context, then you're right in spades: they are a crock.
It's almost like nobody should even create a mine because building infrastructure to it is impossible. So should Sakoa roll over and die, too? Or do they have some balls apparently lacking by certain analysts, and are going to make their mine produce.
I like to see all sides. But this stuff out of Byron just seems thin at best (I'm being polite).
Yes, I recall ENZR was not relying on the Sakao infrastructure and that is was just a big bonus if usable infrastructure developments were made. I know that. But the concluding comments in the article posted brought up Sakoa and some negative comments from Byron; so I thought I would refute said comments with a brief mention of the probabilities that Sakoa's infrastructure would most likely come to fruition while recognizing that until it does, it is an unknown...a "speculation" if you will.
Has anyone actually read the article that was posted yet?
So now I've gone from being a 'jihadi' according to the bashers to not knowing that I'm speculating according to the shareholders. What a bunch.
You can't count your chickens before they're hatched, no matter what the probabilities. When the infrastructure is in and the deal has been made, then it will be removed from the 'unknown' category. Until then, although sharing the infrastructure on a pay per use basis is probable, it is not yet factual. So I'm being straight-forward with my wording.
Nice article.
Asia is consuming coal practically like water. Yes, Sakoa is an unknown. However, my guess is that probability favors that the project infrastructure will come to fruition. Asia needs V205 as well. I think they'll be willing to cooperate.
Not to worry, Maser. I'm continuing the interesting dialogue. Junior_miner has insights to offer unlike another certain individual here. I would much rather continue discourse with him.
What is the potential size of the Largo project? Does ENZR not have an advantage in the economy of size?
Largo has a definite advantage being in Brazil where they are in need of the vanadium in country. It's also a PGM project, which adds obvious value and incentives.
ENZR is in proximity to India and China, and both of those places have significant need of vanadium.
You're right in that ENZR wasn't completely clear that atmospheric leaching wasn't feasible. They do have some things to prove; but they are still in the process of that.
LOL!
It seems like we all have to work for ENZR's media department these days! ROTFLMAO!
Nonetheless, Byron, of whom you have never heard, appears to have done some surficial damage. For a company that isn't allowed to disseminate their research information to the US markets, they certainly went through enough trouble to make sure they could publish their sell rating for the US markets to see.
Whether Byron is right or not (and I'd like to hear some more from junior_miner) remains to be seen. In the meantime, their action appears manipulative, and now something needs to be done about it.
I as well. We're talking to the same people.
Byron's nonsense phased the ENZR pps very little yesterday. And we're moving in the right direction again today.
I'll tell you this: I'll think twice before I have anything to do with any entity that Byron is hawking. They've done this to themselves. This was a very bad political move on their part. Until I see otherwise, they've done more damage to themselves than they did to ENZR.