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Quentin Yarie, P.Geol. (Toronto, Canada): Mr. Yarie has served as a director of the Company since December 2008. Mr. Yarie is an experienced geophysicist and entrepreneur with over 20 years experience in mining and environmental/engineering. Mr. Yarie has project management and business development experience as he has held positions of increasing responsibility with a number of Canadian-based geophysical service providers. Mr. Yarie is currently President and Chief Operating Officer of MacDonald Mines Exploration Ltd, Red Pine Exploration Inc. and Honey Badger Exploration Inc., all listed on the Toronto Venture Stock Exchange. From October 2007 to December 2009, Mr. Yarie was a business development officer with Geotech Ltd, a geo-physical airborne survey company. From September 2004 to October 2007, Mr. Yarie was a senior representative of sales and business development for Aeroquest Limited. From 1992-2001, he was a partner of a specialized environmental and engineering consulting group where he managed a number of large projects including involvement with the Sydney Tar Ponds, the closure of the Canadian Forces Bases in Germany and the Maritime and Northeast Pipeline project.
Energizer Resources, Inc.
Director Compensation for 2013
Fees earned or paid in cash $39,000
Option awards (in $) $53,880
Total Compensation $92,880
Stock Ownership for 2014
Number of shares owned 825,000
Honey Badger share dilution. Seriously! Look who runs the Company.
Another one of senior managements "slight of hand" moves.
Where is the money from Honey Badger going to come from?
Stock dilution, dilution, dilution!
The usual suspects are at it again.
That's why the market does not care (and shouldn't).
Honey Badger Exploration Inc.
Brent Nykoliation
Senior Vice President, Corporate Development
(416) 364-2753
(416) 364-4029
bnykoliation@honeybadgerexp.com
Washington — The World Bank's Board of Executive Directors has approved emergency financing to Madagascar to help the country provide food security for 13 million people who are coping with a continuing locust infestation and drought.
"Due to the convergence of several factors (political crisis, drought, locust infestation, extreme poverty), food security has increasingly become a growing daily challenge for the poorest people in Madagascar. Many are having only a meal a day, others cannot eat everyday" said Haleh Bridi, World Bank Country Director for Madagascar. "We strongly felt that the World Bank's mandate called for an emergency action in this sector".
The first of two emergency support projects approved by the Bank will help to restore and maintain the livelihoods of the 9 million Malagasy who earn their living from agriculture and are being affected by locusts and other natural disasters. The IDA credit of $65 million will target areas that are affected by both locust infestation and drought under the Emergency Food Security and Social Protection project.
The project will help the poorest of these families become more resilient through safety nets that complement more traditional agricultural and rural development activities.
"The interventions have the potential to benefit several million smallholder farmers and poor urban consumers while reducing dependence on food imports to manageable levels, said Ziva Razafintsalama Task Team Leader of the project. "The project would also create short-term employment through cash-for-work and other cash transfer modalities that provide a temporary social safety net for the most vulnerable groups."
The World Bank's Board has also approved emergency funding for Madagascar that will expand the country's efforts to bring essential nutrition services to an additional 687,000 pregnant or lactating women and children under the age of five. The new credit of US$10 million will expand nutrition services to reach a total of 2.6 million people, under the existing Emergency Support to Critical Education, Health and Nutrition Services project.
"Of Madagascar's 22 million people, 80 percent live in absolute poverty on less than US$1.25 per day and many suffer from malnutrition and hunger," said Jumana Qamruddin, Task Team Leader for the project, "This funding is absolutely critical to help prevent a potential humanitarian crisis caused by deteriorating food security."
The project will now be able to support an additional 837 community nutrition sites in the country's most food-insecure regions--Vakinankaratra, Itasy, Haute Matsiatra and Amoron'i Mania--as well as Betioky and Ampanihy districts in Atsimo Andrefana where Madagascar's ongoing locust infestation originated.
* The World Bank's International Development Association (IDA), established in 1960, helps the world's poorest countries by providing loans (called "credits") and grants for projects and programs that boost economic growth, reduce poverty, and improve poor people's lives. IDA is one of the largest sources of assistance for the world's 81 poorest countries, 39 of which are in Africa. Resources from IDA bring positive change for 2.5 billion people living on less than $2 a day. Since 1960, IDA has supported development work in 108 countries. Annual commitments have increased steadily and averaged about $15 billion over the last three years, with about 50 percent of commitments going to Africa.
A nice bullish cup and handle formation developing on the 3 month chart. Need to take another run at the $0.18 CAD resistance level. Let's see if any news comes out at PDAC next week to spark some new interest.
From the news release:
"The Company is targeting full-scale production by Q2 2016."
PDAC 2014
Booth Location
Good information. Hope everybody on this board reads the contents thoroughly. Especially the part about spot price vs negotiated contract price.
Let's ride that Chinese stimulus wave!
It's been a while. Let's see how long the trend can continue.
A large overhang of shares for sale at $0.15 CAD. All I am seeing today on the TMX are the market makers trading between themselves.
Need some new buyers to come in and gobble up these shares.
Even the day traders have left the scene.
Ho humm...
There will be more sellers next week. You will probably be able to pick some up at $0.125.
But stay excited!
I HEAR THAT!
Eindhoven47, I believe that this is an open forum. Personally I like critical analysis. We all don't have to agree, but we all better know exactly what is actually going on with this Company.
I am a long time shareholder who bought into the resource potential and not the management.
We all have to live and learn (and make money).
Let's be cool and keep it all in perspective.
Other than that, what's the problem... LOL
No disagreement from me on your management analysis
You too can party with them as if you were there:
South African Wines
PS. Don't forget your shoe opener.
New Madagascar Commercial Mining Production:
Sherritt International Corporation ("Sherritt") (TSX:S) today announced that commercial production has been achieved at the Ambatovy nickel operations in Madagascar.
"Bringing Ambatovy to commercial status is a key milestone in its development as a long-life, low-cost producer of finished nickel and finished cobalt," said David Pathe, President and CEO of Sherritt. "I want to thank all of the employees who have worked diligently and safely to achieve this major milestone."
Commercial production is defined as 70% of ore throughput of nameplate capacity in the Pressure Acid Leach (PAL) circuit on average over a thirty-day period and is the point at which all revenue and operating costs cease to be capitalized.
For purposes of Sherritt's financial statements, Sherritt's share of earnings (losses) from Ambatovy will begin to be recognized beginning February 1, 2014.
The focus at Ambatovy remains on optimizing operating performance to achieve nameplate capacity (60,000 tpa finished nickel and 5,600 tpa finished cobalt, 100% basis).
Bring it on!
New graphite discovery:
Balama North
Thanks. Will await your link posting.
WarrenJR do you know if it will be available on the Company website?
Looks like yesterday was a small blow-off top. Reversal today at 200 day MA ($0.15 CAD). Gap up last Friday might be filled. Short term target $0.135 CAD. Day traders heading for the hills. Another good buying opportunity for the longs.
Published on 21/01/2014 - If he is to succeed, the new president Hery Rajaonarimampianina must loosen his ties with the outgoing president Andry “TGV” Rajoelina, but without nevertheless upsetting him. The relations between the two men have not always been smooth: TGV humiliated Hery on several occasions before finally selecting him as his preferred candidate for the second round in the presidential election. The new Malagasy Head of State therefore has a grudge against his mentor. But TGV will keep a close watch on him: his party Mapar won a third of the seats in the new national assembly and will therefore comprise the core of the new presidential parliamentary majority.
I believe that there is a six month hold period on the recently sold shares so I expect the price to slowly move up to $0.18 before the lock-up period ends.
We may be in a sweet spot if the smart money rotates back into commodities during that time frame such as happened in 2011.
Lot's of congestion in the $0.14-$0.15 CAD range. This is a big hurdle to clear. We are also smack on the 200 day MA (where it last reversed in November. After that the next target is $0.17-$0.18 CAD and would point the 50 day MA in the right direction.
A slow and steady grind up from here is fine by me. It would be a nice change from the slow and steady grind down that I have experienced over the last few years.
Just went to the Energizer Resources website and they are updating their presentation page. Hope they include the Vancouver presentaion there. Will check back later today.
I believe that I read in one of their recent press releases that the revised economics will be incorporated into the Bankable Feasability Study.
I'm seeing HEAVY resistance at $0.15 CAD. If we can close the week/ month and hold that price, the next stop is $0.17 CAD. I am a little worried about the gap up on Friday. Price will probably retest $0.13 CAD before we move up again.
We have broken out (to the upside) of a bottom triangle. This technical pattern is bullish, with a medium term target price of $0.35 CAD. Let's see how far the momentum guys push it.
Looks like the momentum guys are back bidding up slected junior resource stocks. Let's see how long they hang around for.
You may be right. I have no problem going along for that ride.
Anonymous buyer scooping up tens of thousands of shares on TMX at $0.14 CAD ahead of Vancouver mining conference.
Some good volume follow through from yesterday with a strong bid. Let's see how we end the week.
Good save AK. Every speculator is FOS at one time or another. We just try to keep it to a minimum on this board... LOL.
Looks like some good volume today. Most shares bought at the ask price. A break above $0.14 and I will get my umbrella ready.
I don't personally see the value in communicating with management any more. Did not attend the AGM because after the Nov. 21, 2013 financing announcement I realized that the "fix was in".
I now sit like Noah waiting for the rising tide to lift my boat.
So far it has only been a rout... I mean drought LOL
I don't know what you are seeing, but on the TMX TD Waterhouse (market maker) is selling big blocks so they are probably bloated with shares. I do see some new buyers coming in to establish positions. Until this overhang of shares are gobbled up it's "Churn Baby Churn!"
Yeah, at a discount to market.
Spartex: For EVERY buyer there is a seller. It's called churn and means absolutely nothing. Market makers are buying and selling large blocks all the time. If the stock price advances and breaks out (15 cents or higher) on heavy volume that means something.
The weekly closing price is what we want to see move higher.
I believe that these are the options that were re-priced from 25 cents to 18 cents and the term extended to 2016. Good deal for the insiders (again)!