10-KThere is a whole lot of fuss occurring on another board about what is written in the newly released 10-K. I think people need to be a little more realistic about what they're reading and about the junior resource market right now.
If ENZR is to go it alone, then we have the costs in hand via the 10-K. They HAD to file that 10-K, and they HAD to disclose a plan and budget. I also think that people need to be realistic regarding what all juniors are up against right now. Yes, it's huge money for a junior and lots of diltuion IF IT HAPPENS THIS WAY. Nonetheless, the money for it is IN THE GROUND in Madagascar.
What they cannot say in that 10-K is what happens with an offtake agreement or some other form of partnership. Why? Because no deal has yet been signed (to our knowledge), and if there is a deal pending, then confidentiality agreements would preclude them from being able to mention it in the 10-K or any other outlet.
What if they release news in the next few months that they have a deal in hand?
We've always known that a deal is what gets us off the ground. So before becoming despondent, it might be wise to just wait and see what management has been able to put together, if anything.
Yes, the share price may go down to 1 or 2 cents because people are panicking out of the natural resource market. If management has something positive in store for us, then buying at this level is the opportunity of a lifetime. If they don't, then everyone is sunk, and that's the risk we all took.
A bit more of a rational big picture view of what we just had to read is in order here. When the big boys start selling and volume goes through the roof, we're done. That hasn't happened yet. We have panic selling by a few.