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Yahoo message board indicates that they're going to ask for 100+ million shares at the next board meeting. Dilution is coming, plain and simple.
Maybe the resource isn't the problem. Maybe management is the problem and their business plan isn't going to cut it.
I think he said he was selling his trading shares. He probably unloaded a portion of his long-term as well.
Interesting how the share price bounced up off the previous gap at the end of the day today. So tomorrow's action will be interesting. Things should calm down a bit if the rest of us retails don't panic out.
My buy order at 15 cents obviously didn't get filled. I canceled it. If the pps is strong tomorrow, I might dip in a bit. I'll decide when I see it.
On a separate note, if there is no conclusion to this capital gains tax issue, we'll probably continue to be all over the place. I wish they would just get it done one way or the other.
JJ smelled something. He was talking about it and was trying to figure it out. He had a feeling something wasn't right; and this was a couple of weeks before the report was released. I don't have the tools that he had to view everything in detail.
Come on, guys! Let's see if we can make it lose 50% today! My bids are in at 15 cents!
From the little I know (if my information is correct), Dundee is more interested than not. Who from the Yahoo MB posted the rumor?
Dundee unloading shares would be very bad news if that is indeed the case. If they are unloading, there are no fundamentals; something would be very wrong.
Over a million shares sold today. Wall Street Grand probably got us the good pump and dump.
Vanadium isn't in its up cycle yet. We're absolutely FUBAR for a while. Welcome back to September. It's going to be another long haul.
I could be persuaded to add if it drops that low.
BUT I'LL STILL BE PISSED!!!!!! :)
Agreed on all counts. That gap does go back to around the 25 cent area if we were to drop that far.
Well nobody is even hiding the dump now. We'll be back in the 20's in no time. The ask is 36 cents on a company with $8 billion of resource in the ground and 111 million shares outstanding. This is screwed up.
All they would say is that they have a "steady news flow" planned between now and the end of January. I don't know what that means, but I don't get the impression that it's anything earth shattering. Sounds like the usual marketing stuff to me.
This share price needs to get above $2 quickly or the extreme volatility is going to continue and nobody will want to invest here regardless of how much resource there is. That much is clear. Management had better stop screwing around and get to the business of making a business or this shareholder is going to start looking for other opportunities. There's plenty of evidence that the resource exists. Either they get moving on the business side, or they're going nowhere.
One of the largest vanadium resource finds in the world and we can't get above a buck. It's an utter travesty.
The price of vanadium has been stagnant which doesn't help.
I'll only add this:
The share price continuously this low adds to the problem. People can accumulate far larger quantities of stock at 35 cents than they can at $3 where this thing belongs at the minimum. When they sell huge numbers of shares, it moves the stock in huge percentages.
The only way for this to stop is by an appreciating share price to something more in line with the worth of the resource.
Management is too cocky and complacent with our property while we shareholders take a beating. I understand the need for patience, but it's high time that there is some return.
Yes, we've gone from 20 cents to 50 cents in short order; but that's happened before...I don't want to have to see it happen again.
I couldn't agree more that they need to earn their keep and they don't deserve these big options. They should be putting their own stakes into this. That they aren't really gets under my skin. Either they're milking shareholders, or they're extremely cocky about the worth of their find (and aren't worried about shareholders just yet).
Bollach would still be in its initial stages right now, so they need to be given a little time. As JJ has pointed out in the past, they can't spend too much right now on marketing, but they do need to have some balance. That being said, the consistent good news reports haven't moved us up. They should have. The only excuse that I can make is that we're dealing with vanadium and not some other well-known element.
On the bright side, I'm still happy that Dundee wants a piece of this action.
I'm anxiously awaiting the next PR.
Of course you're right. Yesterday was simply frustrating. Share price ran up on the rumor and sold on the news. ENZR's find is still incredible. The majors would be foolish not to jump at this.
Vanadium prices are still pretty low. I would rather bring in a royalty company later than sooner at this point. But I like your idea. Maybe by the time production comes around in a few year, that would work out well.
Apparently there are sellers through Canaccord; about 1.8 million shares being sold through them. That would explain the huge volume yesterday and some of it today. I don't know when they started selling, but I would imagine that they have on the order of 600k+ more to go if what I've been informed is true. So I expect further downward pressure this week.
It's nicer when there is a big seller in the 40's rather than the 20's like we experienced earlier this year. All the selling pressure takes less time. We should be through this soon enough.
Bids at 38 cents/ask at 41 cents. It's obvious now that somebody needs to get out really badly and anybody who has any money is taking full advantage of it. This seller is desperate.
Even the traders wouldn't be selling at this price. They're in around this level.
Perhaps tax loss selling by someone in below 20 cents?
It was great news. I asked Brent to warn me before there's more.
I don't know what's going on, but the selling volume spiked a boatload in the last 20 minutes. Doubled the trading volume for the day, and the pps is still dropping.
Someone knows WTF is going on, but it isn't us. I'm pissed.
Yes. Support is at 38 cents. We're heading right for it. MACD, Stochs, RSI, everything heading down. This started early last week (or very late the prior week). Fundamentals didn't change a thing as I thought they would.
I recall the same post. In what time frame was that PR supposed to come?
It should not have been there in the first place.
It keeps walking down with bids now at 44 cents and for whatever reason, the sellers are willing to sell. The next stop is 38-39 cents at 'strong' support. Meaningless at this point. Shareholders don't know what's really going on.
Tomorrow's news probably won't be earth shattering so far as we're concerned. But it might make for big news to many other investors.
I don't like at all what happened at the end of the day today. Anticipation of the news should have kept the price up. I think strongly that tomorrow's news will be very good. No reason for the 13% swing up and back down today.
Wow.
That sell off at the end of the day on a 200,000 share volume was pathetic. What a buzz kill.
Who the crap was selling off this cheap at the very end of the day when news is due out (once again) tomorrow?
Which property was this?
So do you think the results tomorrow will indicate only increased vanadium resource, or do you think there is the potential that they will identify different mineralization in addition to an increased vanadium resource?
This additional day of delay indicates to me that ENZR doesn't want one market to have any advantage over another. That's fair enough. But the additional suspense from another day of delay is having an impact on the pps. Last week was mediocre at best. Today, we have loads of volume and a nice pps increase. A 10% increase today would serve as a nice starting point for tomorrow if this report is as good as everyone thinks.
They're playing this one to the hilt. Intriguing.
They emphasized that it is a "comprehensive" report, and thus the delay. It apparently isn't ENZR's fault for the delay, but they were on board with it to get the information they wanted. They also said that they felt that releasing it on Monday would allow a greater number of investors to see it.
The response sounded pretty confident to me (not cocky), so I suspect that the report will be good and the resource estimates will be higher.
I don't know about gold. I do know that vanadium and uranium often occur together in the earth's crust. I would suspect that with a vanadium deposit this large, uranium couldn't be far away. But thus far, ENZR has not insinuated a single thing. They're only outlining the vanadium deposit. Perhaps once they're done outlining the vanadium deposit, they'll start research to see if they have anything else of significant value on the property.
Like I've always said, they used to be called Uranium Star. I would assume/surmise that they started looking on this property for uranium. But I could be wrong.
Release of the report will not be until Monday. They decided to push it until after Thanksgiving.
Long term. I've been in for almost a couple of years and sitting tight. Well...I've been accumulating until fairly recently.
I'm just getting antsy. It would be nice to get one foot out of purgatory...
I know why it's taking so damn long to get this report. They must have also found 200 million tons of uranium lying beneath the vanadium and they're just confirming numbers. I mean really, there is so much vanadium, they may as well rename the island Vanadagar. So there must be something else that they're studying.
For anyone new or non-posters...the above was a joke. I'm getting impatient, and all of this waiting around is a damned bloody inconvenience.
Besides, nobody has posted any crap for a couple of days. Leave it to me.
Looks like we'll be down 10% again today. Hell's bells.
Good confirming news again on Wednesday, and we can't seem to get a break. It makes one wonder if the new resource report will be anything more than a temporary shot in the arm.
JJ...opinions on whether this is the MM screwing around with the bids or what it is from a buyer/seller standpoint?
The fundamentals still rock, so I'm not sure what the deal is. Other explorers with this kind of a find would be rocking the industry.
Good move but on low volume. Same as the rest of the market.
Anyone notice that market volume has been decreasing over the last 6 months as the markets in general have been rising?
When the USD resumes its downward move, I'd venture a guess that we may see pronounced greater interest in ENZR from the east given all of the PR lately.
That seems to be what this current release implied.
This MM is an SOB. Bid/Ask less than a penny apart and sitting there. BS.
It was a very positive news release from an extraction point of view.
I have suspected for quite a while that the guy has been on at least one board trying to mess with people. I wouldn't be surprised if he's been here.
We're in the wild west. I don't think there is anything we can do until ENZR becomes a real contender. The SOB is going to bitch slap this thing around for as long as he can get away with it. I have noticed some 'anomalies' here, too. But I can't track it as you appear to be able to do.
LOL! I crack myself up sometimes.
If you pause to look at where this stock has come from recently, a major pullback like this (back down to the average BB) on a day when the market and commodities are getting pummeled, it isn't so bad. But it's the same old problem with exploration companies; they lack the money for good promotion. So either ENZR steps up right now, or we go back down into limbo. They've shown that they have significant resource; they need to bust a move on the wheels and deals.
I know what they're thinking:
WOOHOOOOOOO! Back up to 40 cents! Yeah BABY! (This f*ckin' sucks!)
True. However, support is at 38 cents. Place yer bets!
Funny how quiet the board is today, isn't it?