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I don't know; but if they would have released their NI43-101 report when they originally suggested (or shortly thereafter), I doubt we would have seen such a big drop.
With commodities getting trashed, I wouldn't doubt that some investors are starting to think that ENZR is a whole lot of hype. I probably wouldn't blame then if they were expecting a report to be published. Those Wall Street Grand reports that people have been posting really hyped the stock and ENZR has not come through with news in the time that recent buyers thought. They could be bailing. If that's true, they should have at least waited for the report.
Vanadium Use Is Growing In Renewable Energy
http://vanadiuminvestingnews.com/938/vanadium-use-growing-in-renewable-energy/
Short, but the news is getting out there.
Could it be the holding companies mentioned in the prospectus that are selling shares?
I can't believe the timing of this with the next NI43-101 report about to be released. Or maybe I can believe it.
Very good article. It makes the lack of intelligent US leadership all that much more disturbing.
Did you see the part about China wanting its "partners" to cut ties with Taiwan?
I will venture a guess that her boss told her to do a write up and she's too lazy to dig. Therefore, she looked for the obvious things that might get her off the hot seat and please her boss while taking no risk upon herself. Ahhh, the media.
That 'no employees' comment cracked me up. We're still in the stage of proving the resource, so should we have a couple thousand employees to suit her? They've already announced that they plan production to start in 2014...where was that in her essay?
What an absolute crap editorial.
That is interesting. Speculation on what this means abounds!
Yeah, this article was BS. This lady didn't get into ANY of the reasons one would consider investing in ENZR. The article was a complete waste of time, and if I didn't know better, I'd guess that she has a bone to pick with someone in management.
That's always the risk with these small speculative stocks. That's why I would like to see a boatload of these shares mentioned in the prospectus entering into circulation. More people with shares means more controlled price movements.
The jackass with etrade probably saw China talking about raising interest rates and the subsequent smackdown on commodities and couldn't handle the pain with a bunch of losing positions over the past couple of days. When I was younger and hadn't been through the ringer a few times, I might have done the same thing.
My only complaint with ENZR has been their lack of promotion; and their delays in the TSX listing from last year. Now promotion seems to be moving along and the TSX-V is a dead issue. Yeah, the NI43-101 report is a little late. However, if they are taking the time to be thorough and right about the assessments, I don't really give a rip. Bring it on next week, baby. Let the people selling now smack themselves in the head and say: "DOH!"
I noticed something that seemed true until recently. ENZR tending to act inversely to the markets. I think that is starting to change.
I wonder if when the market was moving down, investors would take profits from other investments and invest some of that into a speculation like ENZR. And when the market was moving up, while ENZR wasn't doing anything, people would take money out of ENZR and put it into oil/uranium/gold/whatever to make some quick profits.
Now that recent events have substantially improved the short-term picture for ENZR, it seems like what happens in the broad markets is making less of a difference. Meaning that our speculative position is stabilizing and settling into an eventual long-term productive asset. Just a thought since nobody else has posted in 13 hours :)
LOL! :) Right on cue...up to 47 cents. :) You see? Sometimes people listen to me! LOL!
Well, the trouble with volume right now is that somebody won't sell below 49 cents (don't know why they'd be selling in the first place), and somebody is too stubborn to bid higher than 45.5 cents. I'm sure we'll get more volume when the bid/ask range tightens and the buyers are more reasonable based upon the value of the company.
LOL! It looks like much ado about nothing! Activity seems pretty normal to me. I guess I'll just weight for the report...like I don't have anything better to do!
You're being carefully quiet about what you know. JMO
I don't know. We'd have to look at those individuals and find out their association with the company. Perhaps they have made huge percentage gains already and are interested in locking them.
I don't know the 'rules' either. It's going to be an interesting day. But something inside (me) suggests that this is all in the best interest of the company going forward.
If Dundee, Consolidated and so on are freeing up shares for new investors to purchase, then perhaps they anticipate a rise in share price. Even though they are selling shares (or 'freeing' them up as I'm suggesting), they may see a net increase in their remaining holdings if the share price does appreciate significantly.
Our average daily volume over the last year has been very low. Could that be because shares were locked up by these bigger companies?
I don't know...all of this is my interpretation (and imagination).
Well, it seems like nobody is sure exactly what this will mean. I haven't figured it out yet. It certainly doesn't appear that the largest holders have much to gain by selling shares now unless there was some prior agreement. I tend to think that the daily volume should increase based upon these shares becoming available for transactions. That may be a good thing, but maybe not. We have to wait and see what the market says.
Regarding transparency, I don't know what ENZR could have said to anyone prior to the release of the new document.
I would hate to think that anyone is making an offer on this company with the share price at current levels. It's literally taking candy from a baby. So I would like to think that if there is a volume increase in daily trading, the share price will move in ENZR's favor.
Why is the resource update so late? I don't know, but I was never happy about the delay.
Well, maybe some day traders, but not all. I just bought a little more with about a 15 minute wait at 44.5 cents. I swore to myself that I have too many shares and I wouldn't buy any more. But I don't take too kindly to people swearing at me so I bought some more out of spite. :)
I think by virtue of the fact that Bollach is probably doing its job, they are simultaneously generating interest in ENZR. Just because a potential suitor might not be interested in a business relationship does not mean that they won't have an interest in the mine.
Probably true.
The pps is seeming to perform on its own merits. I doubt that his antics actually did anything.
However, he said that he has intentionally messed around with the ask price, and then he further stated it on a message board to bring it to the attention of as many people as he could. In other words, somebody looking in might see that someone is messing around with the normal bid/ask/sales of a stock. That isn't a good thing.
I suspect this is pbassel from another board, and if so, it is a truly manipulative individual (as his postings thus far have been here).
So you admit that you are purposely trying to mess with the share price?
Sorry to ask such a foolish question, but what is "NITE?" Thanks.
It's nice to see such low volume with the bids being so cheap. I'm still not sure who rally wants to give up shares at 40 cents, but at least there seem to be very few takers with bids at 36-37 cents.
JJ, don't worry. I'm not worried. I just like to keep an open mind to the good and the bad. Sometimes I over-analyze words. I like to look at any potential angles.
I'm confident in my long term position. I've suggested it to others who I'm certain will benefit, and others who have.
I was under the impression that they already had someone in mind as a strategic partner. This isn't bad news, but the last news release might have been a little misleading. I suppose there are probably a number of strategic partners, but I thought something was already brewing in China. Any thoughts?
Ahhh. Good point. I didn't think of that. It's the last day of the month.
No cause for concern for me. I'll have to echo JJ's sentiments. I don't know what people are thinking giving up shares here. I don't care if it's the end of the month. Maybe there are some traders on board playing the swings.
Wow. I don't remember when I've seen this stock swing 8 cents in a day. (43 high, 35 final) I knew it was going to correct a bit.
We'll see. If past is prologue, the pps will go back down to at least the upper BB tomorrow.
My thought is that fundamentals will soon take over from the technical analysis; meaning that the NI43-101 report isn't out yet. I tend to think that all hell will break loose after the release...at least I assume so. All of the plans are finally starting to come together. It's fun to watch...I'm hoping it will be more fun to count $$$. ;)
I keep seeing messages in my mailbox. I don't have a full membership so I can't read them and I can't respond. Sorry...
It looks like you guys have been right and it's going to be China. That's a big big loss for India. They're growing and they really need resources like this. China is tying up everything.
Share price is holding up pretty well today for such a bad day in the markets. It must be in anticipation of the forthcoming report.
Cute. Ditto...
Volume seems pretty normal to me (or at least for what we're used to). Spread between the bid/ask is pretty hefty for what we're used to (.31 v. .35). PPS went outside of the Bollinger bands yesterday, so the drop today to the upper band seems reasonable to me.
I agree that $2.60 is a total joke. However, I never really saw this as a $26/share company, either. But then you need to step back for a minute and think about what happens if the battery technology actually becomes widespread in use. It's still a big IF, but we have all seen recognition gaining over the last year.
Look at a company like Teck Cominco. Yes, they have a lot of different assets. However, their main asset subsequent to the Fording purchase in 2008 is met coal. Teck is once again a $45/share company. Met coal is rare. It has specific uses for creating structural steel. Vanadium is rare. It has specific uses as a component in structural steel...and now perhaps significant future use in energy storage. Of course vanadium can be replaced with other metals in structural steel, but not as efficiently. And you also have to consider that you use a lot more met coal in creating structural steel than using vanadium as a component of it.
Given the huge size of the resource and the assumed ability of ENZR to mine this economically and allow less volatility in the vanadium price, it just may be that ENZR becomes a $26/share company (or something well above $3)). ENZR does have other assets besides Green Giant. Obviously not like Teck, but we're also talking about half the value. I hope I don't sound some starry-eyed dreamer. However, it seems that there are some legitimate comparisons to other companies to be made.
http://en.wikipedia.org/wiki/Lithium-titanate_battery
"This makes fast recharging possible and provides high currents when needed. The disadvantage is that lithium-titanate batteries have a lower voltage and capacity than conventional lithium-ion battery technologies."
http://en.wikipedia.org/wiki/Vanadium_redox_battery
"The main advantages of the vanadium redox battery are that it can offer almost unlimited capacity simply by using larger and larger storage tanks, it can be left completely discharged for long periods with no ill effects, it can be recharged simply by replacing the electrolyte if no power source is available to charge it, and if the electrolytes are accidentally mixed the battery suffers no permanent damage.
The main disadvantages with vanadium redox technology are a relatively poor energy-to-volume ratio, and the system complexity in comparison with standard storage batteries."
You mean $2.60 based upon proven resource, correct?
You know? We've often talked about China and India as emerging economies ripe for the use of vanadium. I think we forgot about Africa! :)
O.K.
I added a bit earlier this morning.
I hope you're right. Contrary to popular belief, I don't think volume is that great. It's just a lot better than usual.
What if people are buying shares 5000, 10000 or more at a time? That isn't a whole lot of people buying this company (although they would be the intelligent ones). So that tells me that not enough interest has been generated in this company.
Good promotion just isn't there (yet). But at the same time, I would suggest that things should be moving much more quickly with this company once they start talking more about a bankable reserve report mid-late next year.
This is not a 30-cent stock. Not by a long shot. I appreciate the low price as a buying opportunity for now, but I would hate for people to start getting used to seeing this price. With such a huge resource, they'll start wondering: what's wrong?
Better batteries make wind and solar more feasible/viable, but I don't think alternative energy is going too far in the near future. Yes, you'll get this country or that installing it, but I don't think it's a game changer. Obummer seems to be leaning toward the nuclear option, anyway.
It's an avenue that shouldn't be dismissed, but I still think that batteries and steel (and anticipating greater use in steel due to seismic performance) will create the majority of interest.