The news and e-mail announcement is a good read. I can't make heads or tails from it except we will be a for profit graphite company for 20 years with low cost. My feeling is $.20 per share is less than CHEEP. GLTA
It's this cheap because of the games that management is playing with non-brokered private placements of millions of shares, millions of options, warrants and what have you. Think about it. Only a fool wouldn't know that ENZR has the potential to become a major world supplier. The reason that investors aren't flocking here is because of what management is doing to the share structure. They're killing long term shareholders. The stock price shouldn't go down when resources are confirmed and viable; there was a very good PEA, the resources are more easily extractable than their competitors, the grade is great, and they have a huge competitive advantage in the economy of size. The only reason that share price goes down on something like this is due to games playing and destroying the share structure. I've been in this for over 3 years now, and I'm coming to regret every minute of it. And it's the same management team in MacDonald Mines, Honey Badger Exploration and Red Pine Exploration. I may feel worse for those shareholders.
what games? i don't see any games. Shares are shares and the worse thing is dilution which didn't come. In my opinion they doing really good job at keeping number of shares low. Other companies would issue in their possition 100m at once. Once everything will be settled. What you talking about here is just for short time forward. Nothing major.