![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, December 06, 2013 3:48:12 PM
1. I can’t begin to explain the markets. What is evident is that retail is driving all the stock evaluations in the junior exploration space, not institutions. Energizer has done very little in retail promotion but will be making it a major focus in the new year.
2. We will be getting dedicated research from GMP in the new year - this will be key for exposure to both the retail and institutional audience.
3. We are raising money for the simple and important reason that we are moving the project forward - like we have done so well to date. It is a race and first mover advantage is very important. These funds are to finance our BFS and get us closer to financing the mine and finalize off take agreements - the BFS is crucial for this. You suggest the alternative, which is to a) sit and wait and do nothing until the market turns around (which has been brutal for almost 24 months now) which would stall our project for 6-12 months or longer while we wait for an indefinite period of time for market to improve. There would be no news and the stock would likely drift down further in the meantime. Not advisable. Or, we take 6 months and spend significant money reserved currently for the initiation of the BFS and promote the project to the retail space. This would cost $50,000-$100,000 per month and guarantees no increase in our stock price and would again, put us behind where others would catch up.
We choose to spend precious investor funds and move the project forward to a mine. We certainly care about dilution…Mgmt are SIGNIFICANT shareholders, but our stock will appreciate when the mine is up and making cash. Off takes will come when we advance the project as this is what strategic partners want to see. None of them care what our stock price is, they just want to see us move throughout the milestones and de-risk the project. I would love to raise money at higher prices but that is not reality and we could very easily burn significant funds attempting this with little effect given the markets.
Our focus is project advancement and be first to the finish line and we will continue to put out good, great and stellar news along the way.
Regards,
Brent Nykoliation
Recent NSRCF News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 08/01/2023 03:52:37 PM
- Form 40-F/A - Registration statement [Section 12] or Annual Report [Section 13(a), 15(d)]: [Amend] • Edgar (US Regulatory) • 08/01/2023 03:50:36 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/01/2023 10:02:52 AM
- Form 40-F - Registration statement [Section 12] or Annual Report [Section 13(a), 15(d)] • Edgar (US Regulatory) • 07/24/2023 08:27:00 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM