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So that we're clear, what he has lied about consistently is the promotion. He has never lied about the primary virtues of the project; i.e., PEA, BFS, or anything related to the materials and costs.
However, they are still unwilling to be direct with us about the V2O5.
I think that got a bit more personal than Maseraticoupe got with you.
Complaining or not, people bought a lot of shares based upon what management said years ago. Brent is an arrogant SOB who has blatantly offended a lot of people. Couple that with decent folks losing money, and you get a lot of ire. Management hasn't conducted themselves well where shareholders are concerned. I think most long term shareholders would have sold and taken their losses long ago. But the resources we're dealing with here have given some hope of recouping losses. It's a terrible situation to be in.
You might consider your short term perspective vs. that of the longs. It's been nothing but lies and bloodshed for over half a decade. The ONLY thing they have done right was to hire others to do the heavy lifting for them...which makes them expendable. If you talk to Brent again, ask him what Bollach/Genuity has accomplished, what they have been paid in aggregate to date, and why they are still on the payroll. That question will get him pissed off at you enough to not respond to you again. We're hoping these douchebags sell the thing and better - more reputable - management takes this thing over and runs with it.
And Brent is a lying, arrogant, double-talking individual. I have retained emails. I wish I had recorded conversations because certain things that I would love to say in court are simply his word vs. mine. Yet the company just gave him 1 M options. So one wonders.
It will be even better when they get deals and not merely MOU's. That's what they said they're working toward. I've mentioned before that Sprott won't even look at them until they have an actual deal. We should get a lot of interest at that point.
I really don't think mining costs and transportation will be our issue. The resource should be able to be tailored to the needs of the end user(s).
Thank you for doing that. I'm eager to find out if they respond to you.
They've created ~200 million shares at ~12 cents/share. Everyone can see what management is doing, and it doesn't take a genius to run the numbers that you did. Anyone interested can see that the money isn't being well spent and even $10-$20K a year on promotion would have gotten way above where we are now. But those financing wanted the cheap shares just like management did. Management should have resisted this and didn't.
So the situation they've created is this: any spike in the share price, for whatever reason (if there even is one) is going to be met with 200 million shares of selling by people who realize that their own greed made this stock a loser.
ENZR may get to 17 cents again. But it won't stay there. Double, triple, quadruple down on your averages all you want. You'll never sell out at a 17 cents average let alone 30 or 40 cents like GMP, Stormcrow and Dundee target us at.
Thus is the atmosphere that management has created.
The only pump and dump (Tesla article) was met with a big financing right afterward that crashed the pps again.
After the BFS release, I said that I knew there was something wrong...and I took a little grief about it. I've said it 100 times: PAST IS PROLOGUE WITH THIS MANAGEMENT. What did they do? They announced this latest financing ~15 days after the BFS release. The pps didn't go anywhere because anybody who has heard of us knew what was going to happen; and it did.
Brent likes to make himself look better by telling callers about a couple of negative people who don't know what they're talking about. They'll learn.
At one time, I felt as you did. I even mentioned to Brent over the phone that some friends and I were actually thinking about promoting ENZR since the company wasn't getting anywhere. You don't want to know that response...
Nonetheless, consider how absolutely horrendous it looks to the investing public and potential partners if shareholders had to take it upon themselves to do some of the things that management should be doing. Doing their work, and with no power to ultimately make decisions; while they keep taking huge salaries (given that haven't produced a dime), and work in the friends and family options plan.
Like the sentiment. Bad idea.
I think you're right.
I've seen it a lot with the TSX in general, not just ENZR. It's been happening for a while on my platform, and I don't know what the problem is.
DT Books, at this point, I think the moderator has to do it for you. Pro-Life, we're talking about Post #12003. Please confirm with DT Books that he wants it deleted.
Riverrock has done some good investigation into Syrah. You may want to look at some of his older posts. Smoke and mirrors looks like the potential ultimate conclusion.
What has been worthwhile was their promotion. ENZR should have hired that guy.
1) ~35% voted to withhold Harder. That's an abysmal number. If he was intellectually honest in the slightest, he would have stepped down. A couple of the others were pretty poor as well.
2) We have been watching management like hawks and have been accumulating data, history, correspondence and patterns. They know not to correspond with me anymore...
3) I don't know how many here actively contact management. I rarely do anymore as it's become useless. Besides, Brent is too slick for my straightforward questions and responses to him. The step above "Do Nothing" is to call and complain. The next step is to call a lawyer. The last AGM vote wasn't enough to change anything, but it certainly did make a point. Shareholders are displeased.
4) All ears for another method to institute change. But good luck.
"The recent placement is a necessary step for off-take partners as it optimizes capex and in ENZR's case should help negotiate favorable terms."
I don't know whether to laugh or cry at that one. I'm sure management has been saying just that to themselves through each dilutive financing. I'm sure they'll be saying the same thing 8 months from now.
The amount of financing never had to be this bad if they would have just listened to a few of us...
They put the news out when it happened. No doubts about that. Their strategy of putting news out followed by financing after a few days did nothing but crash the stock. That has been their method time and again. At least they waited just a little longer this time after the BFS release.
The promotion needed to be direct to investors; meeting with groups and funds. Nobody knows about this company. Well...after McKinnon was removed, people heard of ENZR. Sprott knew nothing about them until McKinnon was removed and left four mining companies in disarray (their words).
No question that the economy has created a lot of problems. But on the other hand, our graphite competitors have done far better in regard to share structure. Take a look around their websites; you can see that they did a far better job of promoting themselves and keeping investors up to date with news.
Brent never understood it. To him, such things are a waste of time when more important things have to get done. Yes, more important things have to get done. But not paying attention to trivial promotion will cause a share price to fall and then financing at poor terms causes a share price to fall sooner. Eventually, smart investors stay away. I believe that to be what has happened. There is too much risk with management; not the resource. Gibbon, we should have 200 million shares out there; not 350 million (as the case will soon be).
It's a good question for management. Seriously, you should call and ask.
DT Books...it depends upon how much more long-timers want to risk. Maser is right and we've been promised promotion by Brent more times than a hooker asks "lookin' for a date?" in a year. (An apt analogy, if you ask me.)
They've been miserable to us long-timers with the dilution. It wouldn't be nearly as bad had they promoted like they should have. So past is prologue...would you risk more? We have no idea how this will turn out.
Some of these real long term guys could likely have originally been in over $1 and did average down. Should they really risk more? ENZR has never been near $1; I believe that URST was above $1 back in 2008. I held URST shares, but not at that price. I'm one of the luckier ones.
Nothing but disgust with current management where I'm concerned. I stopped buying into their nonsense in 2013. I'd had enough. Now I can't wait to get the hell out.
Management has lied about a number of things over the years. IMO, bringing this to a mine themselves is all smoke and mirrors intended to relieve long term shareholders because everybody is worried right now.
They'll sell this thing for as much as they can get. We may get a small boost in pps. Any real gains, if any, would only occur after we know what they buyer does.
No matter what, unless you can double down right here, there is no point in buying anymore shares, and this could still be dead money for a long time. People getting in now have a real shot at a double. God only knows what the share structure will look like in 12 months.
I hope you're right. I've been here a long time and have no dry powder left. Nor do I want to risk anymore with this company. I took a gamble and averaged down a bit more earlier this year. It was another mistake on my part.
I agree. The guy is definitely prejudiced and slants everything in the worst possible manner. I can't stand people like that: no skin in the game and picking at the wrong things.
Well, we were hoping for agreements, but anticipated that they would finance again. At least now it's out of the way and they didn't wait for another month to pass by after the BFS.
They promised a couple of us more transparency and some changes after the AGM. It's almost March and it hasn't materialized yet.
I wish I knew what the hell they were doing. They know what they're doing, and after six years, now that scares the hell out of me.
Warrants exercisable at 14 cents. What a friggin' travesty.
I think I'm right and JPM is going to eventually take ownership. There is no way in hell they would put money into this company/management unless they think they can take it all.
The have had samples out there for around 18 months. They had a stellar BFS. I think it's time to let go of hopes and wishful thinking and look at reality.
They just financed away another 10%+ of the company. They wouldn't have done it if there were ANY agreements pending.
There is nothing coming, guys. We've been saying "they need an agreement soon" for 2 years. Some of us have been hoping for a JV for much longer than that. Management failed with two outstanding monster resources. The market doesn't trust them, and rightfully so. They haven't looked after their shareholder's investments in the slightest, they never once listened to us, and they're probably asking too much to sell the company outright for themselves.
JP Morgue is going to end up owning this property for fractions of pennies on the dime. IMO, that's why they're here. Us long term guys are in trouble.
Finish drowning, or still hope for rescue with half a lung? What a miserable choice.
Yeah, O.K., Brent.
What did you do, talk to him yesterday, Wolf?
I got the same useless banter out of Brent for years. If you hang around long enough, that is if you still have a couple/few more years of abuse tolerance left in you, you'll understand.
During the hellish financing at the end of 2013, JPM was buying in roughly 8% of the company; according to what I understood in my conversation with management at the time. So the other 3% came in sometime afterward; i.e., last year. I don't know if they did it at another financing, or on the open market. But why would they do it on the open market when they can get a much sweeter deal in a financing.
Reverse would be the kiss of death...
Total coolness factor:
http://interestingengineering.com/tesla-new-battery-for-home/
May not help with our V2O5 resource, but it's gotta be a boom for graphite and other materials.
Well, there are a lot of things that we don't know, least of which what management is actually doing right now. Nothing implied...they simply aren't transparent about what deals they're pursuing. I think Maser is probably right and they'll sell out of this thing and let somebody else be the genius.
But that is one admirable analysis and suffice it to say that I'm in favor of "Possible Case 2."
The downside to all of you is that I would wait a couple-few more years for $7.40/share and you might have to put up with me...
Informative from a couple of different angles. Thanks for posting.
I'm anxious to see what Harder and management are able to do with the BFS.
Not a whole lot of volume lately on any graphite play; except us on a couple of days. Other than risk of more dilutive financing, I'm not sure what else the market wants. The BFS was everything we expected and then some. Any partnerships or off takes should significantly reduce the dilution risk.
GMP, Stormcrow and Dundee all had targets on us of over 25 cents, and that was before the BFS release. If memory serves, Dundee had us close to 40 cents. Partnerships should (emphasis on should) get us off to the races. Actually, I thought we would have been off already and back above 20 cents.
LOL! I must admit that one of my unfortunate emotions in that regard is ENVY! ;)
Go to CanadianInsider.com. It's free for current insider activity. You have to pay for historical activity.
Fly to places?
It must be fun to just GIVE and employee $100k worth of options just to fly to places and not actually accomplish anything. I reckon the golfing was pretty good at Indaba this week.
They obviously don't value their own stock very highly. If they did, they wouldn't give away 1 million shares to a guy for "working" hard. They tend to forget that we all worked pretty damn hard to earn the money we invested in them for the give-a-ways to each other.
Good idea. They know they've put us long-term guys through the ringer. And you're absolutely right: they have so many options that they would make boatloads more money by supporting the stock than by mine revenues. I wish they would release the damn hounds and get this POS moving.
Brent said that this stock wasn't for short term flippers. Well, 6+ years has been quite long enough.
So this begs the question. Will management make more money off sale of the property or by respectable promotion and letting the share price run?
They just gave Brent over 1 million options. What does that say? (Besides the fact that they aren't getting rid of him like we'd hoped.)
:) I was scratching my head for a while. I couldn't remember! I even Googled it! LOL!
Then I figured it out! O.K. So I'm a little slow...
They just had a dilutive financing ~3 months ago.
The cherrys ARE buying the shares.
You mean GMP?
Volume up 50-fold over our average daily and it's selling pressure?
I'm really beginning to despise insiders. At least they're managing the downward pressure and not letting the thing plummet.
That Tesla pump and dump with the subsequent financing at half of our risen share price really damaged what market credibility we had left. It was an unmitigated disaster and I flat out told Harder, Sherba, Nykoliation and Yarie as much.
Douchebags. They did nothing to correct it. Absolute douchebags.
A lot of churning and downward pressure today. Much more than yesterday. It's as bad as Friday. I wonder what gives.
I can't find any lists of exhibitors. We aren't an event sponsor. Maybe more in this link:
https://www.miningindaba.com/ehome/indaba/event_schedule/?&
"Energizer Enthusiasts" got their emails about the BFS a few minutes ago...
ENZR used a more conservative discount rate and has a slightly higher IRR. Not to take away from the Focus project, but I wonder if they weren't messaging numbers a little bit.
This adds credence to Maser's suggestion that ENZR will sell; likely to somebody on the Madagascar side of the globe. It looks like North America will have all it needs. Operating Molo from Canada means too much travel for them to the third world. They won't do it. They'll sell, take the money and not look back.
With JPM on board with 33M shares, it would be best if they considered their shareholders in any deal.
I tend to agree with Maseraticoupe on both counts.
Any deal whether it be JV, off take or buyout, could mean anything for us subject to the terms. Thus our predicament at the moment. Nothing to do but wait and see the offerings and what sweet deals management makes for themselves. Whatever it is will, in my opinion, be at our expense but maybe not so bad that we can actually make a pittance for our trouble.
Something isn't right. The MM's were buying the bid and selling the ask all day yesterday; it was blatant. I didn't like it that Genuity was involved in it.
We should have gone up to at least 15 cents after the news yesterday. Even at that low number, there wouldn't have been any gaps left hanging. But that's not what they did. And there was a fair amount of volume. I don't like this one bit. Something is about to piss us off. I can just feel it.
Production in 2017 is still a long way off. At least it isn't 2018. There are no agreements yet. Until there are agreements, the market assumption will remain that past is prologue and we're looking at more dilution.
So the report was great, but at the end of the day, the market wants to know how the $164M to build the mine is going to be paid.
The MM's are a-holes, but there is some rational basis for us getting the shaft today.
Once again, we have to rely on management to make deals. Hopefully CAT looks at us again now that this report is out.
More waiting...
I'm turning everything off for today. Nothing good for shareholders is going to happen until there are some agreements made and proof that financing won't be fully borne by us through dilution.
They should have run that Tesla pump article earlier this week instead of 2 months ago. Oh well.