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Zero shares traded today- Wow. I guess this is where the believers are separated from the insincere. Hard to stomach, but at least there's some comfort in knowing the entire market sucked today.
I'm under no delusion that we're looking at short-term here, but one can always hope and it's never fun to see it drop 20-30% south of where many of your shares were bought.
Obama's endorsement wouldn't necessarily be optimal, although at this point any publicity is better than none. For the record, I'd rather somebody like Warren Buffet mention vanadium to "put it on the map". But unfortunately, he's currently doing the Gordon Gekko 2-step...
I, for one, was clinging to a shred of hope that Obummer would mention vanadium redox batteries (or at least make some vague reference to energy storage) in his speech Wednesday, but of course he didn't.
Was very disappointed, but not surprised, to see this thing dip into the .30's Thursday. Looks like it's just going to be a longer-term hold than we were hoping for.
Don't worry, my skin's thicker than that, guys. I'm not offended, but I must say I do find myself moderately perplexed about what someone would find "scary" about me..Actually, if I were the 1/! key on Maserati's keyboard, I'd be pretty scared every time he started typing. I wonder if he grits his teeth as he's beating out 20 or 30 exclamation points when posting a message.
(Just joking, Maserati). For what it's worth, I don't claim to be any market genius. I do think I have a knack for choosing a good horse- and that doesn't always take technical knowledge the likes of which many of you have.
That said, believe it or not, I've done pretty well even without an Ivy League background on the subject, and also without a level 2 account, and without trading options- and I read approximately 4-6 hours A DAY on stocks alone (and have for 2 years), but not just on ENZR and honestly that much reading only makes me aware of how much I don't know.
At the risk of assuming a contrarian tone, I still don't see how ENZR is not a foreign (to me) company if it's headquartered in Canada- And yes, I am aware it was originally Uranium Star, formed here in the US, but...anyway...it's in Toronto now, no ? So in the case of this company, I may have been ill-informed, but not uninformed.
Spartex, I was in only for 1k shares originally, not 800, but after much consternation have since added to that.
Much of the info out there on ENZR lands on this board in the form of somebody's posting a link, graph, opinion, etc. And opinion counts as much as anything to me because it represents market sentiment which is probably the most difficult thing to try to quantify.
For whatever reason, Investorshub has a better ENZR dialogue than any of the other sites I use regularly. And I like to contribute when I can or at least bounce ideas around.
I appreciate everybody's viewpoints, even Maserati who thinks I'm "scary".
Is HQ not located in Canada ?
I'm scary ? really ?
Well, as promised, it was a stupid question. I actually DID realize ENZR was OTC and not NYSE but that's what I wrote, isn't it?
So there are approx. 139m shares worldwide- and that's it- question answered.
My problem mostly stems from the fact that I have never traded in a foreign company (outside the U.S.)- and even though it's hard to really consider Canada "foreign", for the purposes of this subject I guess it would be.
You needn't worry about my portfolio, though. I devote approximately 10% of my funds to "risky" plays- and although ENZR is by far not the riskiest penny stock out there, it is without a doubt the most speculative one in my portfolio.
If it went belly up Monday, I'd be pissed (and unpleasantly surprised) but it would hardly kill me. =)
OK, stupid question: By now you should all expect these from me, but here goes: There are approx. 120m shares of ENZR listed- is that the total number of shares or are there more in Canada and Germany? Because I don't show 1.6m shares traded on the NYSE- still, about 400k were traded. Just not sure how many actual shares there are..Can somebody please enlighten me ?
Does anybody know who ? or was it one buyer?
I'm actually holding this one, although I have nothing against trading- but there must not be alot of that going on or the volume would be up I'd think.
Chinese premier pledges 36 million units of affordable housing by 2015.
http://online.wsj.com/article/SB10001424052748703933404576169860208429494.html
Looking good for structural steel and vanadium industry, especially vanadium co's in close proximity to China.
Wondering the same thing- the volume has dropped to virtually zilch.
Average daily volume for this company is (currently) about 270k shares, a number that only a month or two ago was around 300k.
Volume has been so low the past few weeks (since the Dundee dumpage)that it has rapidly reduced that average daily volume.
Not sure it's a bad thing, not sure how good it is...On the face of it I'd say you have an equal number of bears and bulls; digging a bit deeper, however, I think on one side you have shareholders who believe in the company and on the other side those who exhibit ambiguity or tentativeness, but not negative sentiment.
If there was negative sentiment I believe it would be reflected in a further drop in share price, which has held relatively steady on its support levels.
News of some kind is needed here to dislodge this vessel from the rocks.
Anybody have any reasons volume has dwindled to near zero ? I understand it may be a bit low right now, in a wait-and-see mode, but 4600 shares ?
I agree...what a blown opportunity to put ENZR on the map. Maybe next time.
Well, we got what we asked for..an influential person speaking publicly about vanadium energy cells. Too bad it had to be Barrack Obama- now the stock's down 15% or more in a week. We need somebody with more credibility than Obama...Charlie Sheen, perhaps..to tout the benefits of vanadium.
Tesla uses a lithium ion battery- I wonder if a lithium vanadium battery would offer better range and/or shorten charge times.
The 3.9 second 0-60 time of the Tesla Roadster Sport is quite respectable in the hot-rodding world, for certain. You're looking at muscle car quality launches. 125 top speed is likely governed to that, if I had to guess- it's likely capable of much more..
Range of 245 miles, however, is still a problem and if I had to guess, the power you experience on mile 1 will be much more enthusiastic than the power you'll have at mile 245...you'll be lucky to achieve 60mph at that point, I'd think.
So yes, I see S4S' point- it was my mistaken identification of vanadium-based car batteries as "vanadium redox", which are rather large, when indeed they are a "hybrid" (at the risk of causing some confusion) between lithium and vanadium.
But the point is, according to a recent article, that a Chinese battery/auto company, one with significant investment by Warren Buffet, has started or is soon to start producing electric cars.. this may provide the price point we're looking for...And rumor is (I have yet to see a supporting article) that the batteries used in these cars will include vanadium.
All that said, it's common knowledge that much of what interest exists in vanadium is held by Chinese investors- now whether that's because they're planning battery production on a wide scale or because they plan to use it for steel strengthening in building materials, at this point I'm unsure.
But one question for S4S- you haven't acquired epilepsy yet from those light bulbs? And you may actually outrun me in your electric vehicle, but I've heard that thing...or rather, I haven't heard it. There's no way it's ever going to sound as good as a built big block, or provide the spectacular rumble...and that beautiful sweet high-octane gasoline smell...mmmmmm you don't know what you're missing.
What do ya'll think about this? (and did anybody happen to reflect on my 2 questions a few posts down?)
http://www.proactiveinvestors.com.au/companies/news/14013/malagasy-minerals-follow-up-exploration-targets-vanadium-in-madagascar-14013.html
Two questions for you guys:
1) A question someone else posed to the Yahoo board: What do you make of the low volume these past few days, good or bad, (and why?) Seemed to be a good thing today, with a 3-cent increase in ending share price.
2) What, if any, effects, direct or indirect, does the rise in the price of commodities/precious metals have on vanadium stocks?
Thanks in advance for your responses..
Both tranches complete- garnered $12.4m . Not too far from the target. http://www.digitaljournal.com/pr/219910
Caeser's report #24 of 25 top mining investments. Hey I'll take it. In the pros and cons section, it lists investor concerns over Madagascar (I'm assuming its political disposition?) as unfounded in their opinion. From what I know, I'd agree that it's unfounded, but honestly I'm not sure if that's the number one concern we have. Still, it's always nice to see a little bullish sentiment and publicity.
I'm not crazy about politicians or their subsidization of various industries, either. One, but far from the only, reason is that they have a nasty habit of picking and choosing winners in these scenarios.
I believe the free market should develop around what people need and want; if electric car manufacturers can build a product people actually desire, then great. If not, every single subsidy, mandate, or new law forcing people to buy things they don't want is a further intrusion into our lives. Think about those coldish, seizure-inducing curly lightbulbs, guys. I mean, they're fine in the basement, closets, prison cells, or other places that you don't want warm, friendly light, and they're great if you're a cheap-ass-at-all-costs, willing to live your life to the pale grey glow of 9 lackluster watts...Basically they're great if you WANT them, but soon it won't matter if you want them or not- you're gonna get them.
I personally prefer vehicles with as many cubic inches as possible, with fuel economy measured in gallons per mile. No fewer than 8 loud, growling cylinders. When I step on that pedal I am a fan of instantaneous results. Any mandate from the government to provide cash for clunkers, subsidize electric cars, etc. is the proverbial camel's nose under the tent, another step toward removal of our freedom to choose what we drive. Sound crazy? So did the light bulb scenario the first time I heard it.
That said, I think it's safe to assume people interested in electric cars will want features the vanadium redox battery provides- great for us speculators in ENZR and similar companies.
So as a liberty-loving, free market believing, patriotic American, I'm not thrilled about yet another government subsidy which forces me to pay for somebody else's car (I don't buy new cars for myself, especially cars costing $40k...why should I be forced to help buy somebody else's ride?).
Ideally (in my opinion), the proposal will be slapped down like the mangy whore it is, but in the process will bring vanadium redox battery technology to the forefront of public dialogue, and hopefully in the process may invoke a spike of corporate interest into our little world. If Vanadium Redox batteries are as good as most of us believe, it will sell with or without government assistance.
We shouldn't proclude the possibility that facilities to extract, refine, and distribute vanadium from the Green Giant deposit will be another non-factor if/when demand for Vanadium is more wholeheartedly expressed on a more public level. With a greater infusion of capital by interested parties in China and elsewhere, ENZR could very well find itself financing its own facilities/trucks/equipment, or wind up with a strategic partner, one that crawls out of the woodwork at a later time OR possibly one created and operated as a subsidiary of ENZR for regulatory, labor, or tax purposes. At this point, anything can happen, including a total buyout at some point, but two things seem factual now: 1) battery-grade vanadium is almost certain to experience a spike in demand within the next 5 years (my guess closer to 1 than 5), and 2) there be vanadium in that there deposit...one owned by ENZR!
I, for one, just learned a new word: Del-e-ter-i-ous =)
Good luck to all this week (unless you're shorting- in that case, may the best team win).
An article on Buffet, by the way:
http://money.cnn.com/2009/04/13/technology/gunther_electric.fortune/
I agree with your comment about Warren Buffet. We just need a magic tongue to speak the words "Vanadium Redox Battery" at this point...The technology looks to be sound and if so the demand is already there whether the world knows it yet or not.
Exactly- it would be nice if they could be modified to use in my laptop right now...always looking for a place to plug this in- On a full charge, my one year old machine has a battery life of about 1 hour...used to be closer to 2 hours, less than a year ago. Battery capacity drops significantly in such a short time. The cooler operation would also be a benefit in almost every application I can think of.
A pontification on Vanadium Redox batteries and production costs: If these can be produced even at a cost significantly higher than competing technologies, all data I've seen points to a far better product than what is out there today, worthy of the extra cost to consumers. I've heard battery-grade vanadium prices in the $30/lb range...but increased demand could easily double or triple this figure in a short timeframe.
Basically, we have a cooler-running, quicker-charging, longer-lasting battery with little or no capacitance loss over time. I believe that resource extraction costs, which have been discussed quite a bit today, would become less significant if an end product was produced that people would pay more for, specifically a battery consumers would likely never need to replace(these batteries are reported to last decades). For electric car batteries alone, the possibility that you could charge a vanadium-based battery in under 5 minutes, as well as the cooler-running aspects make these an absolute shoe-in over rechargable batteries currently in use.
Having studied automobiles longer than I have batteries, I remember a GM electric car project, the EV1 back in the 90's. The single worst thing about the car, even more objectionable than its short range, was the intense heat the batteries produced. Both of these problems are addressed nicely by vanadium redox.
This doesn't even mention the fact that the car owner wouldn't be faced with replacing batteries every few years (and having to dispose of old ones).
The steel-strengthening aspects of vanadium are obviously more established- increased demand is expected to mirror that in construction- likely to be steady but hardly explosive in most cases. The explosive potential in vadadium obviously rests in the batteries. From what I've seen, I don't see how vanadium as a key battery component doesn't experience explosive demand. Question is, how soon ?
Only 52k shares in the USA traded- that's about 8% of average volume. Nobody's in a hurry to dump this like they were over the last 2 weeks (except those that fail to use limit orders), and buyers aren't quite ready to turn loose of slightly bigger bucks just yet, but the prices we see right now are likely to look cheap pretty soon. The one thing we can hang our hat on, despite who's going to actually pull this out of the ground eventually, is that ENZR owns the property outright. To get what's there, ENZR and its investors are gonna have to get paid. And battery-grade vanadium, should it experience the higher demand expected, will not be yielding any $10/lb. More like $30...extraction costs are going to be far less significant at that point, I'm thinking.
From a pps perspective, I believe Tahoe was right...there are those that buy and sell these kinds of stocks strictly on the hopes that somebody will come along and place a "market" order, and with low volume it's just a waiting game until the right uninformed schmuck comes along. That's why we see it jump from .45 to .50, too, in many cases, with very little in between. If somebody gets a nickel on even a couple thousand shares of this, it's a nice day's work.
I can't fault someone for raising questions. Debate is healthy and keeps dialogue in balance. As an investor (or speculator), I can appreciate the value of hearing both sides of a topic, whether it's well-researched or just a "hunch" from either side.
My problem is when somebody infuses toxicity into what should be a civil discussion, causing dialogue to devolve into personal attacks, etc. That does none of us any good.
Now wait just a minute- I haven't met anyone on this board that personifies the term "jihadist", even among the most avid optimists here. There are several folks, myself included, that would like to see things progress for ENZR and many of us have staked our hard-earned money on the possibility, be it remote or otherwise, that it will.
We might be referred to as capitalists, speculators, etc. but I submit to you, just WHO in the stock market doesn't fit that description to some degree or another?
I believe that among most of those that discuss ENZR on this board, any real negative news would be disseminated fairly- and speaking for myself, as with any stock, such news may or may not force a decision to cut losses.
Fact is, I've seen very little negative news on ENZR...a lack of positive news in some cases, absolutely, and a general lack of news altogether in other cases...but nothing to kill the mood yet aside from the occasional, seemingly angry, person who insists on creating a poisonous, adversarial atmosphere.
Well, alls I know is that at least we got it where it counted today- up 7% while the DOW was down 166 points, and inching closer to my break even point, so I'm happy. See ya'll next week.
Would the PR be the primary reason for the low public market volume ?
Ask way up this a.m....
Another low volume day...nobody's dumping anything anymore, it wouldn't appear.
Board's been lively today..ha ha. Looks like in the meanwhile, ENZR sp may have turned a corner.
Volume is in stark contrast to that of yesterday, at least 30 minutes into trading. Looks like you guys may be right- the supply of shares being "dumped" may be drying up.
It's apparent to me that any of us small timers are just along for the ride...whatever the market movers decide to do, they'll do. UNLESS or until we hear positives from the company or positive news on vanadium in general. In those cases, we're ALL along for a ride...a ride UP I'm guessing. =)
What do you guys make of the number of shares traded yesterday, being at triple normal volume ?