RE:RE:what a shame !Spartex,
When you read the Seeking Alpha article that Riverrock posted, you have to wonder why we're so badly diluted relative to the others. I will first blame McKinnon and Schler as they deserve blame (and prison) for their thieving ways. But aside from that, our management has constantly said that they need new money for this testing or that; this engineering or that; producing samples for John, Joe, James and 50 others; reports/studies and more reports; permits, taxes, operating cash etc., etc. and so on and so forth until we're all blue in the face.
My question is: where is everybody else with their testing, studies, reports, samples, engineering, permits, operating expenses, taxes and so on and so forth? They obviously all financed on better terms whereas our thieves took advantage. Regardless, how much more will these other companies need to dilute, if they do at all?
That's what really gets me about these writers. Nobody puts in a guess as to what needs to be spent for what ENZR management has emphatically told us is necessary.
Now...this last financing, in my opinion, wasn't done for anybody in particular. I think it was done moreso becasue they aren't getting any agreements and they're dead set on moving the project forward. Their problem, AS IS EVERYBODY ELSE'S PROBLEM, is that new mines need to be customized to work efficiently for the most profitable end user. That requires the additional samples, engineering and other stuff. So they're getting it done and thus the last major dilution.
You know me better, and I can't just give them a pass. I mention the following becasue past has been prologue, but it's high time to learn from past errors. We complained for years about the lack of promotion. Had ENZR promoted like everyone else, we would have financed on better terms with less dilution. Unfortunately, that's all history...and largely McKinnon's doing. When we finally have something worthy to announce, ENZR had better plaster it everywhere.