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I was hoping that whoever went to Sumatra would have been able to put a deal together. Apparently that didn't work out (but who knows).
I would like to see China have a sense of urgency.
I wish I knew exactly where in Asia our "management" has been visiting lately.
Unless somebody made a recommendation, there was no reason for the move in the first place. Perhaps just some conjecture about the BFS summary.
Still looks like tax loss selling (distribution).
Agree fully. But I would rather see the gap filled before news. If this sucker moves, I'd rather not have any gaps to bring us back down.
Mostly distributions. Traders looking to get out and mitigate losses fro the pump and dump. I assume we'll see tax loss selling until year end.
The timing of things here is just...screw it.
It's getting more difficult to approximate a share price with each new dilution and options grant. I've stopped trying. I won't even use numbers from any of the previous analyst projections.
The only hope here is an irrational reaction by the market based upon off take agreements, buy out agreements, or something that will benefit shareholders by removing management and the BOD from the equation.
The bastards can't even look straight into the camera when they speak. They know what they've done.
Geez. Party line guy now.
Insiders have moved the share price by a substantial percentage today. And no, I don't think it's buyers anticipating the BFS. I think it's people who know it's supposed to come out, and are using their insider advantage to front run the news.
So I guess you would still take exception to my stuffed panties if the potential news was bad and insiders were front running the market and decreasing the share price then? Right?
We aren't supposed to know when the BFS summary is being released outside of news releases; which for all we're supposed to know, isn't supposed to happen for at least another month.
Brent yapping away to people about this or that is called passing along insider information, and that's illegal. He should shut his damn mouth and not give people any near-date information.
And I'm not selling. If this thing beats $2.50, I'll eat crow with the qualifier that better management would have gotten it to $5. Easy for me to say just as it is for them to make excuse after excuse while screwing the shareholders. I don't foresee a high better than what I've previously stated: $1.50. And we'll be lucky to get there.
Get ready for Brent to pat himself on the back again. Here come the conferences and the MAJOR company promotion that comes with them.
http://cambridgehouse.com/event/33/vancouver-resource-investment-conference-2015
By rights, it should be over 0.60 cents as I type.
That's pathetic. Insiders know something, and the rest of us sacks are left guessing.
Management probably leaked something. We know how much B.N. likes to talk.
They haven't done quite nothing, Tahoe. They do enough to string us along. I think Riverrock said it best. To paraphrase, they've issued themselves millions of shares and will reap huge benefits themselves while shareholders take home pennies.
I think a number of us will still get out of this thing whole. But I think thee are some longer-timers who are in much higher and need this pig to get over a buck.
I'm furious as to what DBI has done and they way they treat long-term shareholders who have every right to be upset. These guys are slick, and a perp walk, while probably appropriate, will never stick. That's probably why they put Harder on the BOD.
That was a great post, by the way.
I meant 500M. I was writing 'k's in other posts today.
Why do you think? BFS summary out soon?
Yeah, well...the most technical guy on the board sees 500K shares outstanding in the near future. Think he's wrong, too?
That's MANAGEMENT, Spartex.
Can that be read as perhaps a benefit for emerging markets? US bridges are in major disrepair; many requiring replacement. But China, India and a host of other nations would greatly benefit from new modern infrastructure.
$2 trillion would scratch the surface on the US alone if it wanted to modernize its current infrastructure.
I wonder what this means for graphite...if it will be a boon or not. I see it more for vanadium. But we'll see.
This is not the only graphite company at this advanced stage. Your statement wasn't true. That's Brent talking, and he's a flat out liar. So I know you've talked to him. Not only that, but he's given my name and one other's out to people from the board who called. I know that now for a fact...too bad he didn't do it in writing. My advice: don't turn negative on Brent or he'll do the same to you.
And I hope there is more than just a lot of upside "left" in this pig. It hasn't gone anywhere but down, so "a lot of upside left" needs a little perspective.
Brent told me over the phone that "management" and "the banks" have figured the share price between $2 and $4; but that was right before the HUGE financing/PP last year (on some of the worst terms imaginable). I put this POS at $1.50...and that would mean there is a lot of upside "left." But it's nowhere near what should have been.
I'm with Maser. I hate these guys. They've squandered a resource that's still in the ground and never been used. It's perverse.
All good points. Producers are already suffering with gold at this level. It's easier said than done, but they should be backing off production instead of selling at a loss and hoping to make it up on volume.
It's good that everyone is complacently bearish on gold. I'm happy to pick up shares when it retreats a bit and lower. I'll be looking more seriously at PM bullion at any good price drop near $1k.
Suckers rally last week. That will come back down in short order. USD isn't ready to poop out just yet. Too many scared folks in Europe and Russia. But they'll have to do something to pull it back down; I think they will next year.
One wonders about political games in the US at this point. Republicans have control of congress now (or will in January); just in time to HAVE to do something nobody will like to manage debt payments. Democrats pulled this one off masterfully. They learned a thing or two from Reagan. Set up nicely for the next presidential election when Hilary's reign of terror begins! LOL!
Suckers rally in gold. Won't be ready to move until next year when the Fed realizes again that a strong USD won't allow them to pay debt plus interest.
We haven't hit capitulation in gold yet. I'm still in it! ;) If I drop out, buy with both hands! I'm a glutton for punishment.
Normally I'd suggest that somebody knows something, like maybe a preliminary findings of the BFS coming out. But there isn't nearly enough volume to support it.
Apparently somebody who just didn't have the patience to get in at a better price. But we'll see.
Maybe Brent is about to put something out about a pending Tesla deal for 2020 or some BS.
It's basically level but climbing ever so slightly. I didn't even want to call that a climb.
Momo's are turning down again. However, the A/D curve is still pretty level. Not much else to say technically. It's generally bullish for a turnaround if the A/D curve is rising and the share price is decreasing. In this case, the share price is at or near its bottom. Shareholders know it, and thus not much distribution to bring that A/D curve down. So at the end of the day, nothing positive to report technically.
We have to survive another AGM yet. The market won't like another PR indicating another dilution so close to the last. People will be jumping off the fence and into other graphite projects.
They think they're so damn smart because we've been so damn dumb. I don't believe in such things, but I actually find myself hoping that karma exists.
It normally takes a number of years from PEA to BFS. The trouble is that the PEA is usually not reliable. There are lots of potential places for lies and deception. The BFS is what we need. Then, everything should be quite a bit more transparent.
What aggravates me (alright...pick from a list) is that they could have begun the environmental impact study in tandem with the BFS. They know what needs to be done. They could simply have held off on a few of the environmental items until the BFS provided some answers.
They sure as hell have financed enough to get the environmental work done. They could have held off for a while on the obscene salaries to get the project closer to production. That they didn't is yet another reason for distrust.
Then as much as it pains me to say it, don't accumulate. Don't turn a bad decision into a worse decision. You've seen what's happened over the years. And Brent keeps using these fancy acronyms as reasons for him not to promote. Oh we have to do this or that...then we're almost there and we'll promote the company. Excuses.
And that's why private investment is only 8%. That's anemic.
O.K. Thanks. While I didn't think that was officially completed, I thought they had already done work on the environmental impact of the operation...unless that was just ENZR stating that they anticipated that the near surface resource and means of extraction would have minimum impact on the environment.
While it has to be done in official manner, it sounds to me like another drawn out procedure, and I'm afraid of the consequences of giving management that leeway. They always have excuses about waiting on something.
What is an EIA?
That DOUCHEBAG (B.N.) can't keep the BS straight. Let's break it down:
BFS gets completed by DRA in late November/early December.
IIROC/TSX takes up to 60 days to review.
Um...jerk off (B.N.)...that's later than Q4! So they're playing with words. Yeah...completion is Q4. None of us will know a damn thing about it until next year. DOUCHEBAG!
Yeah, Brent...you "don't put out news for the sake of news" do you? Then what was that BS hype about Tesla in September all about? I thought you guys didn't pump and dump, right?
What a lying sack of sh*t DOUCHEBAG.
Looks like I called it right. Nothing is going to happen until they beat the share price up again with more free options at pennies for themselves and their buddies subsequent to the vote they know they'll "win" at the AGM.
You can blame that directly on DBI with the pump and dump. Everyone realized what they did as soon as the financing was announced. DBI has little market credibility. B.N. says "everybody" is confident in them. They have yet to prove anything. Besides, my personal experience with B.N. is that he's a flat out liar.
Recall that GMP's 30 cents gets a little better with the BFS release and a lot better with an off take or even an MOU.
This collapse was entirely DBI's fault...so I guess you're right and GMP is powerless when it comes to DBI's antics.
There still aren't hoards of shareholders, which is a good thing at this point (all screw-ups considered). Once the BFS gets some recognition, and hopefully off takes start to happen, the number of shareholders should increase quite a bit. But if DBI starts messing with everybody with the pump and dump BS (good news and then dilution) or a lack of promotion (business as usual), they're going to piss everybody off and that will be that for long term shareholders. Nobody will trust the company again. We'll be stuck indefinitely.
The only bullish thing that I can say about this chart is that the accumulation/distribution curve has remained fairly steady even though the share price has crashed again. If the curve had been falling, I'd say we have trouble. If the curve had been rising, I would be VERY bullish...at least as far as the charts are concerned. Given the sell off in commodities, I'll take the fairly level A/D curve.
Well, I think the release of the BFS will be a non-event in and of itself since, yes, I think everybody expects the results to be good. The de-risking part of the equation with the BFS will probably be minimal for that reason.
However, I think the consequences of the release will likely be very good for us. CAT won't move until the BFS is released. I suspect (hope) that potential partners are also waiting for the release prior to making any official offers. My hope is that management already has something lined up, but nothing can be discussed openly until the BFS is officially released.
So hopefully the BFS is the snowflake that starts the proverbial avalanche. All of that said, I fully believe two things: 1) the BFS will still be released this years, and 2) DBI wants to keep the share price low until after the AGM for their options ans share creation. So no partnerships of any kind will be publicized until next year.
Once there is a genuine off take agreement (not just an MOU), a lot of funds will get interested. But not until then.
I still can't believe the unabashed pump and dump that DBI perpetrated a month and a half ago. Dead silence since then.
Well, mining stocks are getting creamed across the board.
DBI can't do anything about this bloodbath (as much as I hate to day it). But they should have done a lot more prior. And they should have deals by now.
Cannacord probably has clients that need to protect or raise cash. Nothing can be done about that.
Yeah, there we go. They pulled the pump and dump to trap new shareholders at higher prices, or force them into taking big percentage losses. Now they'll add more shares at the AGM for pennies as the share price collapses again because of ZERO news.
DBI in China, my ass. These guys should be addressed as criminals.
I doubt the oil/gas boom in the US will last anywhere near as long as anyone thinks. And there are other reasons that it won't, too. Megatons to Megawatts is finished. The Russians won't be supplying anything more for US nukes. Reactors need uranium, and uranium makes nukes. Eventually, the US will take more interest in nuclear energy...as if we weren't already dependent on it.
Thorium is many decades away...and no nuclear byproduct. So why would the US bother?
The street zombies won't be coming. Government zombies, yes. It will be the empire looking for anything of value when the war funds run out. The politicians sacrificed military for welfare votes, but yet they want to maintain their empire because they've made too many promises to "protect" too many people. A congressman can't be made to look like an international fool, can he... Barry Bombama can't run both a welfare state and a militaristic empire (ref. Syria, Iraq, Afghanistan, Pakistan, Yemen and Somolia...we're in each of those countries right now). One or the other is going to give. Now that obtaining pot has gotten so much lawfully easier, I think the "proles" will be happy to give up on a little welfare.
Better to invest in the "offense" industry. Hopefully they need graphite...but the US won't be buying ours. It will be Europe and Asia.
Marijuana will eventually be a loser. What is grown will be stolen.
"China Pivot" on the one hand. Allowing ourselves to be so easily drawn back in to the Middle East on the other. Yeah...social programs aren't where the money will be. And owning physical PM's will become dangerous.
No, that road block has not changed. Matter of factly, I think that will be the alternative to confiscation. The tax rate on physical PM's will rise substantially. Better off in the miners if you get in at the right time...maybe.
No way to preserve wealth in the US. If you're a saver (in USD), you're going to get screwed (and already have been). If you hold PM's you're going to get screwed. You can hold property, but you'll be taxed into oblivion.
DBI's expertise is in mining its shareholders.
I just can't imagine why the masses don't understand what's happened. I guess that while they're still naive, the confidence game continues.
Gold is too scary for most people; especially buying physical.
Gold bugs need to make it through this nasty deflation. Brace your necks against whiplash. This will all turn around again by March-April (in my opinion).
End of QE means the banks are recapitalized. Either the Fed penalizes them for not making loans and increasing the money supply via lending on fractional reserves, or the Fed starts creating dollars again or the US will outright default.
I sure don't want any loans. My best guess is that the Fed starts "printing" again.
Short term is and will continue to be a blood bath.
Watch how things turn around when US debt can't be serviced. They can't handle a strong USD for too long.
No matter how you look at it, it's all going to end very badly. Perhaps DBI understands this and they're taking everything they can get away with to protect themselves until we all lose.
Pernicious bastards. (DBI, that is.)
TSX is a bloodbath today. I didn't think it would get so much worse. No bottom in sight.
The USD is still the most valuable commodity...apparently.
Of course, or they wouldn't be "DBI."
But who the hell is he? What new appointment have they made to the ever growing list of douchebags?