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Someone made a comment about the chart recently.
It's not part of my normal routine, but I took a look.
It does look like we are due for a leg up. consistent higher lows since october. resistance at $53-$54. Looks like we broke out of a pattern last week and things are changing.
I'd post it but I don't think this site lets me.
that said, let's hope for a close over $50.
There was a pr put out around the time of the last annual meeting in early-mid Dec 2010 that had some general timeline info in it. 2014 was the year the expected to be in production.
It's par for the course. I'm not reading into the low volume very much. ENZR just completed the PP at .45 ea. Expect that to be the floor +-.03. Which is about where we are. Look ahead a few months as the NI report is complete.
If you want to try to trade this stock, its difficult. To get out, you need to sell on the way up. If youre in the US, look for when the bid ask spread is almost zero, or when you can get out on the bid at the same price as the current ask. as of today, you're buying at .49, or selling at .45. that might got to .41-.44 sometime in the near future def.
IMHO It's common sense that geography is going to be a factor in supply/demand. Some vendor's are going to want the supply to be closer to their supply chain. I've been adding some other vanadium specific miners to my portfolio to cover my bases. It's not a winner take all scenario here, but the first one up and running and supplying the first batch of batteries will have a PR advantage, although the general PR will help get the next one up and running. ENZR's proximity to India & Asia will make it attractive to companies there. Mines located in N & S America will be an attractive source for companies located in that hemisphere.
Vanadium as an energy alternative needs a spokesman. Starting now! Oil+$100..
Answering my own question. As of June 10, 2010, he had 1.4M shares.
http://markets.ft.com/tearsheets/businessProfile.asp?s=ENZR:OBB
Does anyone know if Sprott still owns his Energizer shares?
An unfortunate choice of words for that program's name- "Winning The Future"...acronym fail. And Fuel Cell? WTF, indeed.
Sys, Vanadium Redox batteries are not the only battery use. Vanadium-Lithium Ion are the next generation car batteries. These batteries are an improvement to the tune 3 orders of magnitude in Watt delivery and recharging speed over current lithium-ion car batteries.
They currently exist in smaller applications and form factors, likely the result of a lack of consistent supply for vanadium.
http://www.panasonic.com/industrial/batteries-oem/oem/rechargeable-coin/vanadium-pentoxide.aspx
that would have been a great tip yesterday :(
I think the companies are aware of the number of individual shareholders from the proxy information. If you show up at an annual meeting, they have a list of names that they refer to for vote recording.
Good point. They were under a time constraint as well.
Andy- I've been in this stock from the US for over 3 years and have watched it closely. I rode it up to $.70, and down to $0.03, and buying all along the way. I consider this a closely owned and lightly traded stock, and as a result, it has very low volume on some days. The closely held nature causes swings by a high % in either direction. Back in '08-'09, there were days were 0 shares traded on the US exchange. My guess is there are less than 1,500 registered holders of this stock. If you have 10-20K shares to sell, you are the market on some days, and you get a price that reflects a magnification of the current sentiment. I would not look too much into volume at this time, although I expect it to increase as the company develops. I've treated this as owning a part of a business. Like owning a business, I'm not in it to sell the swings because I see this as a potential 3x-5x increase over the next couple of years. Also like owning a start-up, you don't get a result in days or weeks, but months and years. My plan is to hold it until it's actually got earnings, and then gets a valued with a multiple. And buy it anytime something irrational happens in the market. This long term hold & sell strategy is probably what the insiders are doing. I've never noticed any price correlation to PM's or commodities.
Actually, because Byron is "public", it is quite easy to discern their motives. Their job is to raise capital for their clients, Largo & American, which are competitors of ENZR. Therefore, one can make the assumption that they will favor their clients at the expense of their competitors.
Actually, because Byron is "public", it is quite easy to discern their motives. Their job is to raise capital for their clients, Largo & American, which are competitors of ENZR. Therefore, one can make the assumption that they will favor their clients at the expense of their competitors.
That Byron Report is a piece of garbage produced to deflect capital away from ENZR and into the two companies they are brokering for. As you noticed with the yield issue, it's splitting hypothetical hairs. It would be possible to write the same report for any of these developmental stage companies.
This year will be positively eventful for ENZR. 43-101 & JV/Off-take. I'm being patient here.
Let me add a motivation for them. Largo already has sold off about half the company to davinci, and has an off take with Glencore from 2007. They are still trying to raise capital. They have less room to maneuver in the late stages, so it's in their interest to knock down the competition.
With the cash in hand, they'll put out something more bankable than an analyst will. At that point, it's off to the races.
No overallotment, but then again, less dilution.
Post tranche PR:
http://noir.bloomberg.com/apps/news?pid=conewsstory&tkr=ENZR:US&sid=aKO9_1wpcHjk
They've got the money to complete the 43-101 economic assessment. Looking great..
In addition to watching this stock closely, I noticed that Byron's favorite is down 6% today on avg volume so far. I would not be surprised if the closing of the 2nd trache washes their stink off of enzr.
If anyone can shed additional light on this from the company, that would be great.
But at this stage I would tend to discount any emphasis on the lab study comments in Byron's report. Considering that despite their unfavorable view of EGZ, they still wanted to do a JV, and then also broker their financing. It's a more likely a scheme of theirs to create some fud to drive our investment cash into their own clients hands. Any yield/cost issue will be solved with further study. IMHO
No doubt this is a positive sign.
I suspect all of these mines will do well if the battery tech takes off.
Byron is offended by the "non-brokered" reference in that PR.
Byron is now barely a step above a boiler room.
that was a guy who had $800 and didn't know what a limit order is...the US sellers are getting hosed. Sell at $0.435, buy at $.51.
agree..this report doesn't pass the smell test.
To come out with a "sell" because they can't determine a price seems bizarre.
agree..this report doesn't pass the smell test.
To come out with a "sell" because they can't determine a price seems bizarre.
Meh..Positive reports come out once in awhile and don't do much for the stock.
A sell rating because they are "unable to establish a price" seems like they just wanted to initiate coverage to upgrade it later. If anyone can find it, I'd appreciate the summary.
Welcome to the Energizer rollercoaster.
I had posted some info about Apella, but it was removed. Is that a TOS violation? If so, who monitors this?
Energizer was mentioned in one of the research reports on their website.
I'm not a geopolitical analyst, but I've been told the "locals" want the development. They get a 24% cut on the income tax once it's developed and mining.
I use a bounded rational model when looking at probabilities of success. For something like ENZR, I would look at what has been invested nearby, and see if that's working. There is a massive coal mine in development adjacent to this property. No sign of any political forces interfering with it that I am aware of.
While I disagree with your take entirely, I had the same thought process as you have posted until I did my DD.
The lack of employees is appropriate for a company at this stage of development and not a negative. In fact, it's the opposite. If you found a company at this stage of development that was blowing it's cash on useless employees, that's the company to short.
This one is lean, which is a reflection of the experience of its board. You should go through the roster and look at their resumes, then check their references.
It's hard to prove a negative on this end as well.
If Dundee in fact does need to sell 10M shares, or about 10% of this company, why wouldn't they do this on a private sale while the price was high, instead of dropping the sales in 75% of daily volume over a few weeks?
crunch- correct- Once any investor reaches 10% ownership, they are required to provide a massive amount of reporting to some regulatory body (not sure exactly which one), so what happens for holders just above 10% is that its much easier to sell shares to get below the 10% threshold than provide the reporting.
The company said this is what happened in December with Dundee. I was not following the disposition closely, so if they are still selling, this would be still be a good buy-in point.
For any new holders, you can't kick yourself too bad when this stock moves down below your basis on any particular day. It's difficult to change your position quickly without losing a premium to the mm's in either direction. My strategy over the years has been to add this company slowly to my holdings at these lower prices. I've always treated this as something I won't be able to get into once it pops.
My experience has been that there is some price arbitrage among the 3 exchanges Energizer trades on.
For example, I trade from the US. There have been times where if I place a large buy with a limit order set very close to the bid price (instead of the ask), that some of my buy order fills at the bid price instead of the final printed ask. I always chalked this up to a change in price on another exchange that makes the market maker fill my order at a lower price, while they gets my shares from the other market. I could be wrong on this, but over the last few months, I've had this happen about 4 or 5 times with energizer. I'd be interested in any other ideas as to what causes it.
I was unaware that this was such esteemed financial company here...I guess until now, there were probably 10 people other than the board and employees who ever followed this. While any new people are reading this, try putting a multiple on their likely earnings at production. It will make your calculator break. See you on the other side of $1.
Who gets the cash in this deal?
great vanadium article.
http://www.mineweb.com/mineweb/view/mineweb/en/page72102?oid=118084&sn=Detail&pid=102055
of note, the article's participants appear not to be aware of Energizer, and put the spotlight on Lago Resources' Maraca project.
A quick thumbnail of Lago. A Vanadium mine with a resource estimate of 13M tonnes of a higher grade v205 (1.34%). They projected an ebida of $100M. They have 127M shares. Then, they gave away 60% of it to a partner (sad). Lago trades at $0.43/shr also.
Compared to ENZR, with 60M tonnes of .69% grade. Yet to be determined is the deal to bring on ENZR's partner. I don't see these guys giving up anything like a majority interest to anyone, mainly because they have enough to supply a steel co & a battery co for a long time from the same source. If you put a stupid dilution like Lago, then compare our probable ebida of $260M (my estimate from company press releases) I think we are undervalued by at least 2.4x Lago. I think $1 is a free shot from here.
no complaints if it's going up on the bid on high volume.
Nice article. Interesting that many others were V miners. Do any of you own other Vanadium miners?
Mas-
I'm just a private investor, and not in the mining business. (Although owning shares of this company at this stage makes me feel like I am in still ~not~ in the mining business.)
Everyone I've talked to at the company made this next report sound like it was increasingly more important than the previous one. They used the word "bankable" when explaining it.
It made sense to me, because as they seek a JV partner, both parties will need a financial reference point of the value of the deposit.
Good company. Great investment. Making the right moves, imho. Long time holder and accumulator of this company.
ENZR is not going to get a JV deal finalized without the economic estimate, which is due out in early '11. Once that's complete, mgmt can use it to properly negotiate the JV partner's buy-in amount.
Looking forward to 2011. Patience is a virtue.
But here's to hoping for one more nice sell-off to add more before this pops. I'd like to get my holdings rounded up to 500K shs while I can still afford to.
Cheers!