Nextsource Materials Inc (NSRCF)

[stooge4]

I think it's the summertime blues. The company always drags down during this time of year without news. I don't think we've seen the lows yet.

Also, it depends on what's really happening internationally (at least in part). Interbank lending seems to be slowing. Interest rates are rising. Nobody is particularly sure what this latest episode of the Greek crisis will set in motion.

On the positive side, it seems as though the aerospace industry is getting a boost...which is good for vanadium. For the company, management did come through in a timely manner with the TSX listing. But the TSX listed companies have also gotten indiscriminately whacked for the last 6 weeks. ENZR wouldn't be any different.

With events occurring as they are, I don't think that management buying stock would change this decline in share price. However, I think that them not doing so sends entirely the wrong message. This has been a concern of mine for years, and I have to say that ENZR is on a short leash with me.