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Brent responded. The news about Ianapera is 18 months old. No work has been done there recently since all of the focus has been on vanadium.
There should be news out in a couple of weeks regarding final assay results from the 2010 program on the Green Giant property.
And yes, they think there are a lot of minerals on Ianapera. They have rightly focused their budgeting on vanadium exploration at Green Giant.
How old is this news? When do they intend to start any work? Or have they already?
Without any dates shown here, it's hard to know where they are in the process.
Vanadium Prices to Stabilize or Climb?
http://vanadiuminvestingnews.com/776/vanadium-prices-to-stabilize-or-climb/
Maserati,
I don't think that they can legally call it a world class find. They have to wait until their bankable reserve report is released before they can say that...and we all know that they have it. So perhaps right now the best we can do is take heart in the fact that we're in ahead of the crowd. That's not to say that this beating we've taken isn't aggrating.
Yeah, I think given ENZR's assets, we should be well over $1 pps right now and fair value closer to $3 (based upon what we know).
I tend to agree with that sentiment. Some of my recent correspondence with Brent would indicate that the US markets were part of the cause for the low share price...which, of course, is true.
But in the grand scheme of things, the US has a large vanadium deposit within its borders (although not as large as Madagascar). The US probably doesn't care much about ENZR if we have our own resource (which is rather short-sighted). Anyway, in the grand scheme, I think India will be a major player for ENZR, but it will take time.
I think that people also need to realize that steel demand is down right now. The world is in an economic slump (putting it mildly). I don't think we should be expecting big jumps in ENZR; at least not until construction demand increases (which is why I think India has decent prospects). I know there's the battery hype, but there isn't huge demand for that YET. I think it will come, but not immediately.
Remember that China has it's own big vanadium reserves. They aren't selling it. So India and Europe will eventually need to pick up the slack somewhere other than Australia. I think we're sitting pretty with our resource; it will just take time for it to be needed in force again.
Does anyone know the current stats on mined vanadium reserves compared to historical mined reserves?
Maybe they figure that news is going to be lean for a while and they intend to conserve cash. I also wonder if they think that the big people in the business know about Green Giant and it's simply a matter of time before the business takes off; meaning they think they don't need to advertise.
I'm at a loss. I think their name should be circulating out there.
LOL! It's so bad, even a plug from Cramer couldn't make it worse! LMAO!!!
Well...
At least it's nice to see the offer is finally above 22 cents! :) All the way up to 24 cents! Gotta start again somewhere!
I'm prepared to hold for quite a while and buy more if the price drops significantly. I agree that we should be well into the $2 range based upon resource alone (soon to be proven reserves). But it seems that this is how the pps seems to go with these very small companies. We just have to deal with it for a while. I really like what I see here.
O.K., your posted chart. I knew you didn't create it.
I'm not worried about the short as it's negligible. It's only of interest given the timing of the short seller with the shareholder that's exiting.
Interesting. Somebody inside must have known about the sales and shorted at just the right time. To me, your chart indicates that the sales are winding down; hopefully the short positions will be gone come 8/1/10. We really need to finish with this seller.
Hmmm. The more I reread your posts, the more you sound like you might be in a league ahead of us. Your insights are certainly interesting if not controversial (contrarian). I know of some good investors who think that way.
I think I might be glad that you're looking in at ENZR even if we might have some slight disagreement.
Do we agree about the potential here?
I hope you're wrong for just a little longer... :)
Hmmm. You know, I never really thought about it until you put it that way. I'm more the engineer-type than the marketing-type, but I think you're right. With rather consistent news about drilling results, name change, infrastructure negotiations with the neighbors, Cellstrom, ease of mining, hiring an engineer, etc., I thought that the news releases pretty much acted as "promotion" in and of themselves. But that really isn't true. For example, I don't think I have ever seen Energizer Resources advertised on the Kitco web page.
I think you're right, Maserati. Now that drilling is complete (at least for delineating vanadium), maybe it's past time to get out there and do some promotion.
Obviously no bad news here. The fact that they have basically proved their resource is good; but most of the information is already known. We are lead to believe that mining the Vanadium should be easy enough to price out the rest of the market (one of the biggest reasons that I've invested). I don't know how well known that information is, and they probably cannot publish that without their bankable reserve statement due out next year.
It seems like we're going to have a long slog with the share price until next year. I plan to continue accumulating, but I have no idea anymore where the pps in the short term is going to go. I'd like to think it will stay right here, and I'd be a happy buyer here. But if we have a long haul, we might see (ugh!) 'better' prices? Personally, I like the idea of 'better' meaning much higher...but I like buying right around here! ;)
In short, other than making a deal regarding the neighboring infrastructure, I'm not sure what other news could push the share price up in the short term. I think our engineer is going to tell us what we already know: mining here is going to be like cherry picking. Anybody see anything else? I don't think anything with Cellstrom will materialize until next year or we have a mining partner.
I can't disagree with that. Vanadium is a bit ahead of its time and the public doesn't know anything about it. The batteries need to be made more public...especially the lithium-vanadium batteries because they are used for autos. I hope at some point lithium-vanadium batteries will be the same size as all of the rest.
However, I always felt strong support from its "classical" uses; structural steel and aerospace.
I second that B.S. It would be the worst thing for ENZR to drop below 15 cents. Investors will immediately think something is wrong. With a huge asset like this, if they did their research, they would conclude that something is wrong and and risk money here. No...the best thing for this company is for the share price to appreciate to reflect its resource and (what we know of) reserves.
I should also note that ENZR bringing on DRA Mineral Projects was very good news to me. Miners have to know how to mine specific kinds of deposits. Just because a miner knows how to mine a gold deposit in a mountain somewhere doesn't mean he knows how to mine a vanadium deposit in Madagascar. So I think the fact that they brought an expert team in to determine how best to mine this thing is a very big positive; and, a good decision like this by management should also be added to the positive column for any potential investors.
We may have to wait a while, but I'm feeling pretty good about this. I like that there is still a big buyer out there and the ask is still right around 20 cents...meaning, we're not dropping precipitously like I was concerned about with a big seller.
Hey, I'm no expert, but I might be starting to sound like one! :) Cheers.
I think unfortunately management had a very good June-worth of positive news at a very bad time; i.e., when a major shareholder had to sell to raise money.
I'm not expecting much over the next couple of months, although I hope the price doesn't drop much lower than here. If it does and I have some spare cash, I'll probably be a continued buyer.
I think in a few more months, we'll have additional results in NI 43-101 format and that should help attract JV suitors. We are showing 25+ million tons right now. Also, I do believe that they'll have a bankable reserve study complete in about a year. When that's done, they'll know the cost to extract resource, the cost of the processing, and the return on invested capital of the mine; and that should attract the millions of investment dollars needed to build the mine. So we have a while to wait.
My thoughts: we're proving up a very big resource, initially we are lead to believe that mining Green Giant will be cheap enough to outprice much of the vanadium market, and the resource is sitting in a place that not too many people pay much attention to. Until I see something to the contrary, my feeling is that we are sitting on a very sweet deal here. If we can attract a JV, things could happen more quickly. So the name of the game with ENZR is patience.
Well, we're back with the big seller again. They must be moving him from one exchange to the other in an attempt to not skew the downward pressure so badly on one exchange. In the meantime, this sucks. And I think the seller may eventually regret this.
I've read that they were looking for gold as well, but was unsure about Green Giant. There could be traces there, but whether or not it is worth mining could be debatable.
Vanadium and uranium are often found together. I know for certain that there is uranium in Madagascar, but don't know if or how much there might be at green giant. I suspect that it's there and they haven't released news about it...COMPLETELY UNSUBSTANTIATED CONJECTURE ON MY PART. But why would they rename the company "Energizer" if most demand for vanadium is for steel and not energy? Also, what would a company originally named "Uranium Star" be looking for in Madagascar.
I think we have a great vanadium find, but I have my suspicions that there is more to it. I want to be clear: this is all complete conjecture and there is nothing more to it.
Can anybody see who is buying? Is there any indication that Gazmetall (Russia) is buying shares? I don't know how to find this information.
What does the board think? Should there be any concern about somebody trying to control more than 50% of the shares? With our pps this low, it could be all too easy for somebody big (like a country) to acquire the reserves we have. We've been all hyped up about the green potential of vanadium, but let's not forget the important demand for structural steel or the strategic demand for aerospace. I read a while ago that the Russians have been trying to corner the market in vanadium (and other important metals) for many years without success.
Our share price is too low for the importance of what we have.
Very nice!
And we're trading for next to nothing. Time to pick up some more shares, boys?
Nice find.
So that's about 23 cents USD.
Does anyone have a link as to where we can find who is invested? That may give an indication of who the big name is that needs the cash. And it might indicate to us how much longer this will go on. Apparently somebody has been selling off since the 30's.
I don't get it, but if you say so, then I'll take that as what it is.
No bad news that I can find in Madagascar or about the company. I don't know why the huge drop today, but 22% is significant and will be a lot worse if they work this to 15 cents like they're trying.
Something is going on. The general market isn't tanking.
Don't want to say on a public medium; but it is reputable and well-known.
Down to 500,000 shares bid at 15 cents and 500,000 shares ask at 18 cents.
Unless the company just claimed fraud and everyone knows but us, I'd have to say that something is going on in the market that isn't right.
It's shown on bid/ask in my trading account medium. Right now, it shows 500,000 shares bid at 19 cents and 5700 shares ask at 20 cents. This is on the OTC Bulletin Board. I see a trading volume today of 251,300 shares...which is huge compared to recent activity. Last time we have over 250,000 share in a day was on May 4, and we've broken that on 1/2 day trading.
Somebody is walking this thing down. Until our news with DRA came out this week, I've never seen bids or asks greater than 10,000 shares.
Thanks.
"...cross trades are permitted in very selective situations such as when both the buyer and the seller are clients of the same asset manager. The portfolio manager can effectively “swap out” a bond or other fixed income product from one client to another and eliminate the spreads on both the bid and ask side of the trade. The broker and manager must prove a fair market price for the transaction and record the trade as a cross for proper regulatory classification."
It seems that all other cases of cross trades are not legal on most exchanges. It would also seem that since the price of ENZR is walking down that we are dealing with somebody unscrupulous. Is that a fair statement?
If they were buying selling $100k at a time, wouldn't that show up in the share volume?
What is a cross?
Sorry for the naivete.
I considered that, but then who is the 'guy' buying and selling to? He certainly isn't buying/selling all 500,000 shares. He's currently down to a 500,000 share buy at 20 cents. If someone/entity was buying small quantities to hold up the price, now they're getting beat.
I could see 500,000 share bids on penny stocks under 10 cents. But $100K at a time here sounds a bit ridiculous...and he's moving it back and forth trending down. Maybe I'm wrong, but it seems somebody is trying to force this.
If 500,000 share transactions were actually occurring, I'd be pretty happy. But that doesn't seem to be happening. That said, I have to admit that I don't understand what I'm seeing.
Hmmm. Now somebody is looking to sell 500,000 shares at 23 cents. 500,000 shares on the OTC weren't traded over the past couple of days. Anyone understand it?
Somebody had a bid in for 500,000 shares are 21 cents all day. The volume is encouraging.
Well...probably not.
If there is a regular stream of good news as there has been and the share price goes down, that usually means that either there is fraud (which I do NOT believe) or that we have bet against a macro trend (which I do believe).
So, I'm neither a buyer nor a seller here unless some other information comes out to make me think to the contrary. However, if the pps continues to drop, I may buy some more shares. But I have to seriously think about it as I have more committed to this company than I should.
No mention of Madagascar in this report:
http://vanadiuminvestingnews.com/695/world-class-vanadium-deposits/
And yet the bid and the ask just went down to 21 cents and 22 cents respectively. It was at 22 and 25 earlier this morning. I don't get it.
I think this was one of the best releases of information that we have seen in a while. It combines positive material estimates with demand estimates and the employ of a new expert; not to mention that I think you're right. There seems to be some relationship building with Cellstrom. All very positive.
No posts for 6 days. Are we giving this one up as a life support patient? Or just wondering why all of the marketing didn't have a more positive effect?
Mining is counter-intuitive/productive to the clean energy folks. Investment will not come directly from them in most cases. To me, appreciation in share price will come from sales and mineral demand.
So it seems like we have some serious competition (at least on the basis of mineralization). I wonder how many 'Largo's' are out there. I haven't seen anything else noteworthy yet.
I suspect that we need to accept that we'll be holding this for a while (if indeed you decide to do so). The retraction isn't all that bad, but it is still a screw-up on somebody's part. The market appears to be leading the economy with all of the sovereign debt problems; so it seems like down she goes. It may be that Energizer's share price spike (upward) will have to wait a while. I hope they use this time to iron out a partnership and get ready for production so that when this eventually passes, we're ready to go and shareholders eventually get what they've been waiting for. Any other thoughts?
Interesting news in vanadium last week:
http://vanadiuminvestingnews.com/230/trouble-brewing-ahead/
OTC, but I can only see the current bid/ask prices. Hey...if I had a little more cash, I think I would be buying at these prices, too. But somebody has to be selling this low, and that's nuts unless they bought below 20 cents.
O.K. Once again, good news and once again the pps gets hit. Who the heck is selling 20,000 shares at 26.5 cents? It seems like a not-for-profit seller to me. Does anyone have a rational explanation?