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NOBODY IS DUMPING ENZR SHARES. THERE IS NO EVIDENCE OF IT.
I'm waiting for a return phone call from one of the managers. I believe the response will put it to rest. I assume that management is not dumping (and in fact may be buying), and I do not believe that a reverse split is forthcoming. I'll let you know assuming that I hear back within the next day or so.
On what date?
Your evidence? Has management told this to you?
One or more posters here was told by management within the last 12 months that there would not be a reverse split.
And you have not disclosed your proof, your source(s), or the means and methods. Further, you have used strong-arm tactics to see that your statements could not be challenged.
Provide the evidence of dumping.
If management is dumping, they are doing it through relatives who must have received the shares because they (themselves) are not doing it.
https://www.canadianinsider.com/company?menu_tickersearch=Energizer%20Resources%20Inc.%20%7C%20EGZ
Riverrock, I'll have to do a little digging in my books to find the composition of the ASTM A36 steels (Fy = 36 ksi) which were used most of the time prior to ~1990. I'm certain that vanadium was a part of the composition, but I don't know how much. Actually, I can probably find it without too much trouble on the net.
While carbon increases the strength and brittleness, vanadium improves ductility. I assume (until I look it up) that A36 steel has a lower carbon content than the A572 or A992 (Fy = 50 ksi). To maintain a balance, I suspect that the A36 steel will have a similar carbon to vanadium ratio as the higher strength steels.
I'll let you know what I find when I have a little more time.
BTW: "Working stress." Very impressed! ;) All of the young punks these days are working at ultimate.
Regarding shapes and typical material specifications:
Angles and Channels: ASTM A36
Plates: Mostly A36, but some A572 or A992 is being used if needed
Wide Flanges: ASTM A992 (ASTM A572 is rarely specified anymore)
Pipes: ASTM A53 (Fy = 35 ksi)
Tubes: Mostly ASTM A500 Grade B or C (Fy = 46 ksi)
Wide Flanges make up a significant percentage of structural steel use today.
If you look at the older ASTM A572 Grade 50 specs versus the newer ASTM A992 specs, you will see that vanadium content really hasn't changed. This is for structural steel and not concrete reinforcing. A572 was used quite a bit in the 1990's, and A992 began use in earnest around or just after 2000.
For aircraft structures, I believe that they have increased the amount of vanadium in those steels; but I am not familiar with aircraft structures and the progression of change over the years.
Well, yes, I'm sure that's part of it. But they need to look like they're doing something "for the people."
All of the protests in Guatemala this year are paying off. The VP was sent to jail, and the President resigned last night...and looking like he'll be thrown in jail, too. They stole well over US$100 million (that's provable so there is likely much more).
Well that's how negotiations go. The other side proposes an extreme and then they meet somewhere in the middle. Madagascar can't be so stupid as to believe this draft will fly. They'll end up tossing the country into despondency and they know it. There won't be any investment. They figure that 4,000 potential permits presents them with a bargaining chip to get more than they otherwise would have. They'll get some concessions to be sure, but not like what they're requesting.
Cool customers.
Madagascar's mining conference isn't until September 23rd-25th. Which means it will be at least another month before they get off their tails and start issuing permits. The big boys will get theirs first, I would imagine. After that, it may be either first come first served...or if ENZR can show that they have financing to build a mine, they may move up in the queue. Who knows. They've been on the government's radar since before Harrs left while the V2O5 project was considered the primary target.
We know the resources are there and they're good. In my opinion, it is unquestionable that management has made significant errors, particularly where certain non-existent activities and one individual are concerned. However, I simply cannot believe that we have all been conned. Do you think for one minute that JPM, Dundee Securities, Stormcrow, GMP Securities,VR Capital and so on are going to let management get away with a con? Forget about the lawsuits. Certain members (and former members) of management would be doing time. So no...I do not believe we have been conned.
I do believe that things are taking longer than we want w.r.t. a deal. The world economy isn't cooperating. The TSX is an internationally recognized bloodbath. Yet our competitors have managed the market far better. Things could be moving more quickly with Madagascar than they have.
I'm giving Scherba the benefit of the doubt for the time being. But if he doesn't do something about our share price fairly quickly, I'll consider him no better than McKinnon and Schler. It is obvious that their VP of corporate development doesn't give a damn about publicity or the shareholders w.r.t. the share price. So if they aren't going to get rid of him, they should at least spend the money on a high-powered IR firm.
These financings on poor terms have destroyed our share price, our market cap, and management's credibility. The salaries of certain individuals and options haven't helped, either. And they've destroyed their long-term shareholders. If they have something brewing, they need to get the publicity moving. Nobody knows who we are.
Nellie's English wasn't that bad.
High powered IR firm is what has been needed for half a decade.
I was wondering where that was. My trading medium never got the PR, either. They usually indicate when there's news.
Yes, I've considered all of your points for far longer than you have been around. So have most of us, so we don't really need you. But they are good points nonetheless. Yet it's interesting that gas is still over $3/gallon in the US. Whether it's the refiners or the oil giants, they always have an excuse to keep the price of gasoline high. I have no idea if Tesla will eventually succeed in a big way, but I certainly hope they do if for nothing else than to have an alternative to oil... Oh and by the way, European automakers are working fast and furious on alternatives to gas-driven engines.
As for you, you have repeatedly claimed having insider knowledge and you have continually tried to influence people here with it. I've about had enough of you. Especially your English. I sure hope English isn't your first language.
Joey11 has about two more weeks, right? I think he wants cheap shares and that the 'terrible' news for shareholders is the exact opposite. What if his "insider information" is through a company that wants to deal with ENZR?
Either way, I'm still going to see what the SEC has to say about it if something happens over the next couple of weeks. There's pumping and there's bashing. But then there is claiming insider information to try to influence people to do something. That's wrong.
We still need promotion. Good news alone isn't going to get investors interested and move the share price if the public isn't aware of us.
There is too much going for us right now. I really think that we're set to obliterate our competition. We just need to get the damn word out!
Why not focus on the positive?:
"...independent third parties have successfully manufactured spherical graphite from the Company's Molo flake graphite concentrate and that initial test results indicate it has met all specifications and quality requirements for battery anode material production."
Emphasis on: "...met all specifications and quality requirements for battery anode material production..."
Also: "Energizer is currently in discussions with each party regarding expected timelines and logistics regarding these additional stages, including discussions on potential off-take agreements."
So what's the problem?
Supposedly, spherical graphite is all that Zenyatta has going for it (if I recall), and their project will be economically intensive. There is no good reason for ENZR not to get above $1 in a real hurry once the mining permit is released and once we have partnerships. If I read between the lines (i.e., non-disclosure agreements), there will be fireworks in the near future. Madagascar isn't going to withhold permits. They want/need revenue and the population working.
Too much good stuff on the property. We need Madagascar to hurry up and issue the mining permit. And I think we need to finish the last details on the environmental assessment (or whatever it was...if I'm not mistaken). That should be getting very close to completion.
I've kept putting us at $1.50 minimum share price. If a potential partner is willing to soak up a lot of our float by buying shares (particularly because we're so cheap right now), then a lot of the dilution goes away and maybe Maser is right and $3 or $5 is possible.
Who knows. I never thought we'd see 3 cents, so why not think the other way? The resources are good. There is demand for our gradation(s).
Luck is not required. You have about 3 weeks. Either way, you've made some statements that can't be removed. I'm going to hold you to this.
Joey, Please be advised that if you are correct, I am going to report you to the SEC. You have stated that you have insider information.
WDriscoll, thanks for posting that.
It all sounds reasonable; but just remember that there has ALWAYS been one excuse or another not to promote the company and that's why we're at 4 cents (no promotion = dilution). I don't mean that to be negative, but I'm calling what I see. And if Brent told you recently that this is a marathon and not a sprint, be advised he was telling me that for years. There is no good excuse for this.
The flip side is that we have the goods. We know it, and that's why we've been stooge enough to hold and wait.
Also, we know that the other MOU's out there are all smoke and mirrors. I'm confident that when we get an agreement, it's going to be good.
Joey is a planted weed.
You mean like everybody else?
I have to LMAO at that comment. What does "be hit very hard here" mean? We're going to lose 3 more cents? What a clown.
I think that's exactly what I was saying. Either they get bought, or a partner soaks up the shares.
What if they make a deal and part of the deal is stock buyback to decrease dilution and increase the share price?
At 5 or 6 cents?
Just sayin'.
River,
It would appear to me that management was either unsuccessful in China, or they ultimately decided that they didn't want to deal with China. I'm beginning to believe it was the latter simply based upon the number of MOU's out of China to other miners about which you have been posting, and we have been opining all along that they are worthless (for now). No doubt that China wants an even greater presence in Africa. But I'm more surprised that they didn't jump at Madagascar with a no-nonsense deal.
In Brent's defense, he had always told me that ENZR wasn't going after some half-assed MOU. They want a bonafide agreement. So it appears more logical to me that they have decided to look outside of China.
That means that you are probably right and Europe is the most likely suitor. I never really thought that they had a shot with Tesla in the US, but who's to say. That would also mean that my guess about a Chinese automaker was wrong. But again, time will tell.
You don't think Syrah can ship to Alpha Centauri? ;)
I think something is in the works...and not just because "Joey111" showed up on the board (as a contrarian signal).
O.K. For that, I'll buy a new shirt. ;)
For that, I'll buy Sherba a damn good case of wine.
I think we'll get out of it with our shirts. I'm waiting.
I wonder if he works for JPM. Are they trying to buy more (that is, average down) at a penny?
That would suck...
River knows where we stand. He's just smart enough (and not a Stooge) to know that posting negative doesn't attract investors.
But I know insiders are watching the board. I wanted them to get the message.
I don't anticipate River turning negative unless/until we're at a penny. I personally don't think we'll get to a penny (my 2 cents). But hey...I think I told Nellie to screw off when she said we were going to 7 cents several years ago. I should have listened to her and went short in a big way.
Why yes, WDriscoll. I think he did!
Moderator? Anyone?
Sounds to me that like you want to load up at a penny or you wouldn't bother posting. Look, dips**t, we've all made peace with the decaying and nearly deceased (at least where the stock is concerned). We don't need some late newcomer to tell us about it. Go ahead and try your luck at a penny. Maybe you'll get lucky. Personally, I hope you end up chasing this thing higher if we get news contrary to your ooohhh soooo reliable report about...err...what was that? Nothing? That's right. You actually didn't say anything.
Almost sounds to me like "Joey" knows something to the contrary and he's scalp deep into another graphite play that's going to be in trouble if ENZR has something positive happening.
Please don't ask a for the source or the event? That's a load of crap. I suppose Joey is here for our own good, too?
He may or may not be right; but either way, that post was BS.
Well, it's either a complete wipe out or a contrarian's dream. I have no idea which right now except for the fact that the world is in an horrendous deflation. So obviously, that favors a wipe out for the time being.
I don't think the TSX is going straight down from here. But "time will tell."
Stay tuned!!! ;)
My 2 cents?...2 cents. But I think it will rise from there.
No promotion from a guy they pay $100K per year and has over 4 million shares given to him for perks and incentive.
And that's one reason that we'll be worth 2 cents before it gets better. The other is pure conspiracy theory at this point, so I don't entertain it. What's done is done and I don't think they're doing 'it' anymore.
Yes, they're working. I know that certain guys definitely are.
I shouldn't be so caustic about somebody being fired or suggesting that somebody lose their job, but when I'm told 'if you don't like it, sell' after they've decimated the share price, I don't consider that a friendly recommendation. So screw Brent and the horse he road in on.
I hope we have something in the near future. If not, then buying back shares with salaries that they've just negated would be a glaring act of good faith appreciated by the market. At 3-4 cents, they damn well should be buying shares back. To think this is only a 10-bagger at this share price is sick. It should be at least a 50-bagger from here.
Geez...and that's just with the graphite and assigns no value to the V2O5.
They should fire Brent, take the $300k per year that they were paying Schler plus the $100k per year that they are paying Brent, and buy back about 8 million shares at 5 cents or less. Then they should promote the hell out of this company/resource.
Hell, I thought we'd get a 10 cent bounce for getting rid of Schler. Maybe ousting both the Schler and Nyko combo will get us there.
What the hell is Brent doing anymore anyway? They aren't doing much of anything in China of which I'm aware...not that I know much. I would have written that last PR for them for free!!! And would probably have done it better!!! LOL!