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Correction:
I saw 30 cents at the ask just after the market closed yesterday. I see it's at 26 cents this morning.
I particularly liked this line:
"...as we advance our Green Giant Vanadium Project and finalize alliances with strategic partners."
I was wondering why the bid went up to 30 cents last night.
Any chance that strategic partners might mean less dilution for shareholders when they need to raise the money for the production phase? The bankable reserve report is going to be costly, too.
I like the fact that they are bringing on people who have some history of getting a job done.
Now, of the utmost importance is PROMOTION. I agree with Maser's earlier comments (months ago). If they don't market this thing for what it is, we're all going to be left with a piece of dirt.
I'm still waiting earnestly for the NI43-101 report. It was originally supposed to be out this month, but then a later release said it might be later.
China never plays fair. I think that's a reasonable assumption/statement. However, if it comes to a bidding war for Green Giant, I say let China make the first low-ball bid. A world in need of vanadium won't let it pass.
Let the bidding wars begin! :)
Hi Maser,
Yes, I did make a typo there.
China has a very large presence in Africa, so I think there is real merit to what you are saying. I don't discount it at all. However, I don't know that India has much if any vanadium. They need to significantly build their infrastructure if they intend to continue emerging. They are also in direct competition with China. In fact, I'm not sure they are as much competitors as they are opponents (putting it delicately). So India will need vanadium, and they are on a more direct shipping route from Madagascar.
China hoarding their vanadium should provide a significant boost in price for the material. I think we're well positioned here. But I don't foresee a significant run-up for us until next year when the bankable reserve report is supposed to be completed. We may get a good run up from the impending NI43-101 report (got it that time!), but I think next year could be very good for us.
I would like to see management buying their own shares. I would also like to know how they plan to finance a mine. I may ask these questions and many more pertinent ones of IR after the NI43-101 document is released.
Well, I for one think this should be well above $1 right now. When the new NI42-101 report comes out, well over $2. The trouble is the element itself. There just isn't enough interest in vanadium right now. But in my opinion, that makes for a tremendous investment set up. ENZR's price to resource value right now is a joke. A patient person would be buying right now and waiting.
That you are the only one on the thread in Germany speaks badly for the publicity ENZR is doing. I've been saying for a long time now that eventual demand from India could make this Green Giant property priceless from both the high-strength steel and battery applications. And Europe has the battery technology available for sale. More Europeans should be up on the ENZR developments given the geographic proximity. Unfortunately, Europe has serious currency problems.
Good luck to you! I'd post in Germany if I knew any German.
In the Inbox today:
http://vanadiuminvestingnews.com/900/the-vanadium-paradox/
Is that a new estimate or the NI43-101 report we were expecting this month?
Ahh, a basher. I was getting a little uptight with everybody agreeing all of the time lately! :)
I'm guessing he's really 'pbassel.'
The board must be doing alright. Maybe we'll finally get some forward momentum out of the pps now that we have a...errr...contrarian?
So that's why the big percentage boost today. It's about darn-tootin' time that ENZR gets noticed. This find is just too big to have been left by the wayside and not promoted for what it is.
Sweet article. My only contention is that vanadium is not an 'official' rare earth metal; so they aren't quite right on semantics. But this is all very exciting!
Anybody know when that news is supposed to come out and what it might be? In the last release, it sounded like the issue of NI 43-101 report might not come until later. I haven't spoken with IR in quite a while. I don't want to pester them. Thanks.
This is a strange stock. It seems like the company has done just about everything that we would expect from an exploration and strategy perspective to improve shareholder value. But for whatever reason, it just isn't happening in the markets.
Low volume tells me that nothing is really happening. I'm beginning to think that investor relations and marketing is performing about average. I'll give them a little slack because vanadium is a tough mineral to market.
I'm anxiously awaiting their news in October.
Well...oil isn't going away, and all considered, most oil in use by any nation is foreign! ;)
But, yeah, I do think there is potential here for a buyout. The race for commodities has been on for a while now.
FYI. I don't remember if it was published somewhere, but it's a good idea to keep in the back of your mind. It seems that ENZR plans to develop the Green Giant mine in 2014.
Just to keep the time frame in mind.
There is a lot of sense in what you say.
I would also hate to see a buyout offer with us at 20 cents. We know it will be higher than that at the very least because brokerages bought higher (and management has options that are redeemable higher). But the fact is we are a $3.00 company just based upon REPORTED resource (which doesn't qualify as a reserve yet). Continued investigation/drilling should put us well above $3 with all of the assumed resource that we have.
I suspect that we aren't moving for reasons that have nothing to do with value or operations. I think that at some point, ENZR should move up quickly when someone has accumulated all they intend. But like I implied, I don't like being down here at this level for such a long period.
I appreciate that you guys are finding this information about vanadium use in batteries and posting it for the rest of us. I tend to look more at the company and the resource, but the spreading use of vanadium into batteries is a huge deal in my mind; I just don't spend the time looking for it. Thanks.
Let's see what JJ comes up with. He has an awful lot to prove at this point with the big talk and the put-downs. If Eveillard is actually in or even eying ENZR, that would be a great thing. But until I see proof, it's nothing but a vicious rumor (and I have little doubt that he is trying to talk up his halloween prediction of $1.50). Personally, I don't believe it (yet).
"I just found info that Jean-Marie Eveillard is on this!"
Post your proof.
I wasn't complaining. You say that I was complaining. All I said was that it will take finding a "popular" metal to give the share price a boost until such point as ENZR has something major to report. A new NI43-101 report won't do much of anything as previous reports haven't changed the overall trend for the past 12 months.
I bought it BECAUSE vanadium was important. Don't be so obtuse. The pps has done nothing but fall for 12 months. Barring big news, it's going to take something else for the pps to appreciate again. I'm will to bet your alter-ego, JJ, that we don't see $1.25 before halloween. Not that I care; I'm prepared to hold.
If you paid any attention to my posts here and elsewhere, you'd see that I do more than just post other peoples' articles (like certain people) and that I actually have done just a wee little bit of DD on the company. Your usual insults have gotten old.
Well, I see your point, but it is relative. Yes, I'm in higher, so I am a little more frustrated than probably most here. But the potential that I see precludes concern about my buy in price and I am holding (and I have bought a bit more at these low prices). Why would I care about buying between 20 cents and 50 cents if I think the pps should exceed $2.50? Unless something changes horrifically, I'm not giving up my shares.
Still, I do think that the bid absolutely sucks based upon the present value of the confirmed resource...completely excluding resources not yet defined.
I hope they announce that they've found gold or uranium in appreciable quantity on this property. They have reported almost nothing on Green Giant except vanadium up to this point, which I think is interesting. On such a large property with such a large vanadium find, it seems to me that something else needs to be present. If it's a more 'popular' metal, then the share price will move higher and probably stay there. Again, so that there is no misinterpretation, I know nothing, I've heard nothing, and it's all conjecture.
Interest in ENZR may also be down because of vanadium in general. Last I read (and I think I posted the article a while ago), vanadium stockpiles were plenty and vanadium prices were moved higher in order to compensate (which seems like the reverse of supply/demand pricing). We may have to wait until such point as the battery technology really gets moving or the vanadium demand from traditional applications rises again.
That's not to say that a lot of things can't happen with ENZR in the meantime. I'm just offering reasons as to why we can't seem to get a decent bid.
Last I discussed with ENZR, their bankable reserve report should be out in roughly 8 to 12 more months. Regardless, the project does not necessarily need to be a mine before certain national interests get involved. Securing the resource is no different than what URST did when they bought 100% interest in Green Giant.
I'm not saying I know something is going to happen or is even in the works. I'm just conjecturing like everyone else. And these things can happen at any time.
Regardless, I think ENZR is going to continue to be a pooper until there is major news. This stuff that keeps coming out so far only confirms what investors have suspected. I'll make my point again: 12 months of good news has done almost nothing to boost the pps. Look at your chart. But I will say that the potential is still building. I think the lid will blow off at some point. I haven't a clue when. So no sense in fretting: accumulate in small portions and hold is my opinion.
I wouldn't discount a Chinese partner, but I think an Indian partner is more likely. China has a large vanadium mine. They could be looking to dominate the resource, but I don't think India would want that to happen. I could live with a bidding war; how about you?
Down, down, down it goes. Where it stops, nobody knows.
21 cents at the bid now.
Good news has had little positive effect on the share price for 12 months. Just look at your 12 month chart and tell me something different.
Patience will be the virtue unless Energizer reports something ground-breaking (almost literally) in the near future. You may as well turn off your screen and forget about this one for a while.
This is not a 21-cent resource. I don't know what's happening here, but this is not a 21-cent resource. Even 10 times the current bid terribly misrepresents what Energizer is really worth.
Well, I didn't realize that the message boards were only for those who were totalitarian in thought. And now we also know that you are JJKINGOFBEEPERS.
I would ask if anyone even thought about permits. Anyone? And has anyone discussed the matter with management? Anyone? Have I ever bashed ENZR? Anyone? Have I ever suggested ideas for things to think about that would cause someone to walk away from ENZR? Anyone?
And was I the one who started tossing around insults? Anyone?
I thought the board was actually for tossing around ideas. I can see that isn't the case. Good luck to all.
I do know what I own, and you can refrain from the insults. I am also well aware that politics in Madagascar have improved, so stop with the childish accusations because you definitely don't know what I know. And furthermore, I never said anything about anybody not granting permits. I do know that it's a long process, but quite obviously, not a process that many miners haven't already done.
Half a billion dollars may or may not be a factor in the current economic environment. I don't claim to know. These are interesting times and I don't take much for granted.
I am well aware that China is extremely active all over Africa (and Madagascar). But China has their own very large vanadium resource (in case you weren't aware of it). I'm more interested in India's prospects regarding vanadium and ENZR's property.
The government will still want to go through the permitting process regardless of how many jobs ENZR generates. It's far easier to cherry pick from miners than to collect taxes from citizens.
Now quit putting words in my mouth and stating things that I didn't say.
Don't get me wrong. Everything has risks, and of course we're speculating. But the discussion was revolving around environmental permits, which are functions of government bureaucracy. Governments always want more money.
God help us if Madagascar does to ENZR what the US has done to its auto industry. I don't think that will happen...but I mention it to your point.
And yes, I love the fact that Rio Tinto is operating there. But when you're talking about mines, you always have to be cognizant of governments and their means to steal from miners. We could start building a list right here with the US, Argentina, Australia...
Maser, is this the Ianapera Property? When did this update occur? Thanks.
You bring up reasonable points that, yes, have already been considered. However, I don't care what country it is: you need permits. Don't you know by now what governments do?
Madagascar, if they don't already know (and they most assuredly do), is seeing 'gold' right now (in vanadium), and will want a piece of it no matter how they can get it. Don't be naive.
Go try talking vanadium to a neighbor or a family member. See what their response is. Then talk gold and see what their response is. Then we'll talk about knowns and unknowns.
And don't tell me (or anyone else here) that I/we don't know what I/we own. Perhaps many of us have a dose of common sense. Madagascar has its risks, political and otherwise. I don't care how big the find is.
And I'm still bullish.
Also, we have some nice volume lately, but don't get nuts. It seems like we've just had a newsletter recommendation, so those people are going to drive up the price on lots of volume. It doesn't mean we're breaking away for good yet. Look at your historical charts. We've had run-ups like this before and then got whacked back down.
I may buy some more shares at this level, but I REALLY want to know what news is coming out in the near future before I decide whether or not this is the start of THE big run or if we'll fall back again.
Not that I care too much because this is long-term for me. If we do fall back in another month or two, I want to have some reserve capital.
You guys know I'm a bull but maybe we need to come back to earth a little bit so we don't lose our precious commodity called "patience."
First, we're talking about vanadium, not gold. When I mention to people my enthusiasm for vanadium, they think I'm some kind of whacked-out freak...no comments from the peanut gallery, please. The point is, the general public (Boobus Americanus) doesn't have the slightest clue about what vanadium is or its importance in our lives. So, optimism is going to be confined for a while to people like us and other mining industry guru's.
Second, has anybody heard anything about permits? It may be early yet, but obtaining an environmental permit is a difficult thing to do. It would be sweet if that news was coming out soon, but I tend to think we're a ways away from it.
Not to be a kill-joy here. We have a lot of good reasons to think BIG. But...patience!
Not much fanfare, but at least we're mentioned:
http://vanadiuminvestingnews.com/816/vanadium-mining-in-canada/
Reasonable action today I think given the rise over the past several days.
:) I prefer double vision, but I can live with yours at $5+. LOL!
Double digit gains? Horsesh*t. This is a 10-bagger from here just based upon what we know. It's probably a lot better considering what we don't know...but will eventually find out.
FYI, if you guys send me a message here, I can read it but then it disappears; so I can't respond. Sorry!!!
Finish at the OTC is 30 cents. Bid tomorrow is 27.1 cents (again).
It is so nice to have positive volume again.
I see about 36 cents for the 200 day moving average. But what's a few cents?
I upped my buy price and got filled. I'm all done buying for now unless the price drops again. Nonetheless, as bad as I think the markets might turn, my feeling is that this fall (as in the season) should be very positive for us. I'm hoping that they do more than simply confirm the 2010 drilling program.
I'll take a little of that responsibility. Part of my order was filled at 27 cents...nobody is buying the rest of the order. And somebody trumped me now at 27.1 cents. I'm thinking the rest of my order won't get filled today.
Sorry boys. We'll let those who come late to the game drive up the price.
Well, it wasn't horrible volume. I guess it was pretty average for the past 6 months.
I bet it was that Maserati guy selling his shares! LOL! ;)
I kept trying to buy between the bid and the ask price through most of the day and couldn't get an order filled. Strange. You's think that the bid price would automatically move up to my bid, but it never happened.
A similar point of view:
http://buylikebuffett.com/index.php/2010/08/what-would-young-buffett-buy/