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Crunch, I can't get the report in the US (or so I'm told by Byron). Would you mind giving us a few "highlights?"
Putting out a general PR on a sell recommendation without giving one single detail and without even being able to estimate a price target is entirely bad form. I reeks of something shady going on, and unless Byron is proven correct, they have just severely damaged their reputation.
When I looked up Byron ages ago, I wasn't particularly impressed. They're small, and it seems like they are trying to make a name for themselves instead of actually having one yet. That unsubstantiated PR release took them down a notch in my book.
That could be a part of it. All I know for sure is that they should be getting started within a few weeks.
No, it doesn't pass the smell test. Unfortunately, it's going to frustrate the heck out of us longs.
I don't know how a company can issue a sell rating without a valuation. That's purely manipulative.
As I look at the orders, it looks like somebody wants 25,000 at 43.5 cents. It seems like someone is really trying to take advantage of this.
Apparently both Byron and Dundee are supporting other vanadium companies (American and Largo). Neither Byron nor Dundee were invited into the financing, and it seems that they're both hacked off about it.
Apparently, there is no Byron Capital report (yet). They just initiated a sell rating.
As I recall, Byron WAS enthusiastic about the project. Now they aren't. It sounds more political than economical, but time will tell on that one.
The scoping study should be completed in 4 to 6 months...so any rumors about the project being uneconomical are unfounded at this point. ENZR should be coming out with some news in the next few weeks regarding Balloch's progress. ENZR says things are going well with Balloch.
That's all I think i know for now.
They won't distribute any information to the US. Gonna have to rely on someone else.
First of all, look up "McKinnon" instead of "MacKinnon.
I don't make any excuses for him. I don't particularly like him. He hasn't put any mine into production himself (of which I am aware). He seems to be on boards of several mining companies, which isn't saying much. He won second place in some award shortly before the big market collapse in 2008. He has shares in his name and plenty of options and ENZR shares through other companies. His wife has shares in her name and through her company. It all appears kind of slutty to me. I think he's an opportunist and out for himself (who isn't? and why shouldn't he be?). But he took the initial risk with this property.
Nonetheless, he just happened to stumble on the mother lode of cheaply mineable vanadium. And then he bought the whole darn property. It's 100% owned by Energizer. It's hard to argue with that action.
So you think for yourself about how this will all play out. I doubt that early shareholders will get what they truly deserve for the huge risks they've taken (particularly relative to McKinnon's compensation(s)). But I still imagine that it will ultimately be pretty darn good. At least it better be.
Now...do you have anything interesting to share? Any analysis? Any fun facts? Anything? Cripes!!! You're complaining about McKinnon, yet claim to not be able to find anything on him. Why don't you call investor relations and ask?
Natural gas also has significant prospects in automobiles. It's just another indication for a push toward greener technology. I don't see why a vanadium battery couldn't be coupled with natural gas fuel.
Good point; but wouldn't it be a conflict of interest for her to take board positions with several companies? I'm sure she'll have to sign papers that restrain her from such activities.
I'm just curious. What do you think about Apella?
They have far less vanadium resource, they are still an exploration company and not a producer. Regardless, Professor Skyllas-Kazacos is joining their board. Are they a shell company, too? I'm curious as to your thoughts and not simply one-word answers.
And by the way, to the rest of the board, I think Professor Skyllas-Kazacos with Apella is a big deal. Did she prefer to hook up with a company because it's resource is in Quebec and not Madagascar? Or was there some other reason?
Well, well, well. For the person who advocates so passionately that board members should remain civil in the midst of debate, it sure does seem that hypocrisy is your true companion and shield.
Of the bulls on this board, I think it's fair to say that I am generally one of the most critical. I'm not afraid to question actions or criticize and even occasionally rant (to the others' ho...hum) when I get aggravated enough.
You, however, are simply here with a single argument that you poorly defend over and over again based upon the false implied assertion that ENZR is a producing miner. You have not been able to argue anything else.
It is no secret that I am not a fan of McKinnon. Nonetheless, I am a fan of the find and the implications for vanadium as a commodity. You, however, offer nothing here but sarcasm and unfounded vitriol. I'm surprised that you haven't been removed.
I like a person that can argue rationally. That doesn't seem to be you. For your sake, bring something a little more to the table.
Well, Jon Hykawy at Byron didn't mention us. Outlook for vanadium is good, but we aren't getting the publicity amongst people who follow vanadium (or so it would seem).
http://vanadiuminvestingnews.com/1084/vanadium-miners-looking-to-capitalize-on-new-markets/
Until the offering closes, that's possible.
Back in November/December, ENZR indicated to me that there would be fairly regular news through January. I haven't seen what I expected. Has anybody spoken with management lately about potential news flow? I simply don't want to bother them if somebody has already asked. Otherwise, I'll ask...and not tell you. ;)
Nobody buying, either.
So what should they have employees doing right now?
Should they hire an employee to design a website? Or should they sub it out?
Should they hire their own geotechnical employees? Or should they sub that work out so that there is no conflict of interest in the reporting.
Should they hire an engineering staff to do feasibility studies? Or should they sub that liability out to a different firm; one that has experience in the area?
Should they hire an army of marketing agents to look for JV partners or buyers? Or should they hire a consultant that has marketing expertise in certain regions?
Should they hire labor for a mine that does not yet exist? Or should they wait until they raise the funds (or partner with someone)?
ENZR doesn't have a mine yet. Feasibility studies need to be completed. A bankable reserve report needs to be completed. Face the facts: money needs to be raised to build the mine, and investors need proof. The proof has been an ongoing process.
Given the infancy of the company, I find your repeated comments disingenuous at best given that there is no mine yet. So whoa there, Nelly. Save the vitriol for the event that they fail. Given the amount of resource documented to date, and the amount of resource still expected, I suspect that the difficulty in failing increases fairly regularly...not that it can't happen.
And yes, this management team seems quite interested in the quick buck. And they probably will sell before production. But they'll have built value (in resource and partners) before that; which should be positive for shareholders.
Oh Come On!!!! I just looked in. I'm gettin' sea sick.
Is Dundee done selling or what?
I'd sure like to have the answer to that question.
The end is near? DON'T SAY THAT!!!!!!!!! LOL!
I hope you're right. I'm not under water, but this latest sequence of events was certainly a buzz-kill.
With over 1 million shares sold today and over 500,000 sold yesterday, I'm not sure that this should be about over. Doesn't Dundee need to sell about 10 million shares? We just lost over 20 cents...how bad is it going to get?
I'm as skeptical as always. Could the pps have been brought up on purpose to get Dundee/Scotia out at a better price? It's been two years of the same old stuff. We get a spike and then we get smashed. It should be noted as standard operating procedure in the company prospectus.
Byron with multiple quotes in Vanadium Redox Battery article:
http://vanadiuminvestingnews.com/1059/vanadium-redox-batteries-show-promise-in-renewable-energy-technologies/
She doesn't want to work that hard. That much is obvious.
Whoa, Nelly! She wrote something quite unfavorable a couple of months ago, too. Apparently she doesn't understand the process that a company needs to complete before they can actually produce, or the financial risks involved in getting to that point. If nobody speculates and ponies up the cash to produce something, we all may as well crawl into a hole and die. Apparently Nelly needs a gimme for anything to be worth anything. And I wonder if she even has a grasp of the resource that ENZR is sitting on (and its potential uses).
Using posts from here to write her article (whether the posts are legit or not) is pretty pathetic journalism. Thanks, Nelly, for outlining the risks so grandiosely without even a mention as to why people would be speculating here.
On her behalf, I wonder if she has it in for anyone from management...and for any particularly good reason.
Yes, that's another good call.
ENZR said there would be PR news through the end of January (last I talked with them), but not too much has happened in January. I'm sure it will; it just hasn't happened yet.
It looks like the bollinger bands pinched and we got a whopper today. I get one right every now and again... :)
In reading all of the posts below, do you really think that people have put it all together and that's why the pps went up today? I'm guessing the average investor not in the know of the details about ENZR wouldn't have a clue as to what you folks have been discussing below regarding Consolidated and Cliff. Over 500,000 shares today on the TSX...one has to wonder who is doing all of the buying. My guess is that it isn't your average retail guy like me.
I really like the consolidation lately. I hope this move up holds and continues.
Bollinger bands look like they're starting to tighten up again. That usually has meant a move up for us.
Nice volume the past two days, anyway. Hopefully this can be interpreted as consolidation.
I agree. I'm reading projections (for whatever they're worth) of $120/barrel mid 2011. The politicians will be all over green energy again if that happens.
It's a catch 22, though. High gas price means more economic slowdown...or slower-er-er down.
Well I hope they don't go for the global warming angle. Energy conservation, yes. Global warming...that issue seems to be a source of embarrassment for civilization at this point; or maybe that's just my opinion.
Energy conservation is going to be huge as commodities prices skyrocket with inflation. Vanadium is our play!
Thank you. Merry Christmas JUST (and family) as well as to all on the board.
Love it! Merry Christmas.
I agree with that for the time being. We'll have to wait and see what happens when the company ramps up for production. Big expenses are also coming next year with the bankable reserve report and other things. We'll have to see where the money goes. Maser is right in that they need to close some deals. Until we know there are suitors for the material and a joint venture partnership, all we have right now is a huge resource with a lot of value. We can't really project for certainty how much cash they'll need. Maser's right, and we need to start closing some deals. That's why Lee-Harrs was hired.
News of the meeting seems to be having a negative effect on share price. The company was holding pretty firmly throughout the week, albeit on fairly low volume. Then again, the share price movement down today is on very low volume, too; so that's positive.
I read junior miner's post. The Objective Capital report does seem to have some flaws (and is very conservative). I don't know yet why we can't seem to get above 50 cents (report's suggested fair value) and stay there. After all, the potential is still huge. Still, future dilution can't be helping matters right now; hopefully it's already been built in because it's coming has been a given for a while...barring a JV partner.
That's funny. What you quoted was exactly what stuck in my mind the most. Not only is there great potential here, but vanadium prices are currently depressed, which makes this a great contrarian investment.
I also liked, as we know, that China and India need to improve the quality of their steel. Thus, they'll want to add more vanadium into their current standards. Not so surprisingly, according to the article, India may see a higher growth rate than China. That's not to say that they need more vanadium; just that the rate of use will be higher than China's.
I think the location of Green Giant in Madagascar is simply another huge benefit in addition to all of the other merits of this project.
Market Trends In Vanadium In 2010:
http://vanadiuminvestingnews.com/1013/market-trends-in-vanadium-in-2010/
Obvious that this article wasn't written by someone whose primary language is English. It also seems that some of the facts aren't correct. But the projections are interesting.
Well, according to that report, it's undervalued right now by at least 8 cents! :)
Humor there!
Management isn't giving any specifics, and I wouldn't expect them to. But they said there would be a fairly steady stream of PR (or news) through the end of January.
That Objective Capital report, if nothing else, at least put a value (and potential future values) on the stock so that people are guessing less. Some of our initial approximations (many moons ago) were much too optimistic. The approximations lately are very reasonable.
The next thing that needs to happen is that more speculators buy into this company. Investors should be jumping in because at worst, with the pps where is is right now, we are almost 20% below fair value. A 20% return is nothing to complain about. But the speculators should be purchasing in anticipation of $3 or better within the next couple of years.
Subsequent to that, I would imagine that (with the battery usage scenario spreading) vanadium could become a fad like lithium and drive the prices higher than whatever fair value ends up being.
The truth is, I haven't figured out how this stock moves. I'm at a loss with it until there is enough promotion and it's further along the road to production. So until then, it does whatever it does, even though we know it should be more than 50 cents.
I agree with your assessment. It seems that the Objective Capital report is somewhat reserved. If the best were to happen, we would get your scenario based upon the Green Giant property only.
It would be nice if they had some funds to spare to define uranium on their other property.
:)
Well, you were right for a while...we went higher than BQI in 2010! LOL!
Hopefully we rise above again shortly and stay there.
I give up...just not my shares.
ENZR doesn't make any sense to me. I can't figure it out; not for anything. I'm just semi-glad that I added during the sell off. The Objective Capital report would suggest that we are undervalued at the moment, but that most of us have been way too optimistic.