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ENERGIZER RESOURCES INC T.EGZ

"Energizer Resources Inc is an exploration stage company. It is engaged in the advancement of the Molo Graphite Project, consisting of a commercially minable graphite deposit situated in the African country of Madagascar."


TSX:EGZ - Post by User

Bullboard Posts
Comment by Mymoolah1on Feb 27, 2013 10:59am
267 Views
Post# 21048373

RE: glimmer of hope

RE: glimmer of hope

I think that you have made a great buy for the longterm. The numbers released in the PEA are phenomenal. I believe that the reason that we have not seen much of a response in the share-price is twofold:

1. The whole junior resource sector is currently woefully neglected and underfunded

2. Uncertainty over how things are going to be funded going forward. They will almost certainly need to raise somemore money (GMP securities) and this probably means some more dilution. If this is the case, it certainly would be in the interests of people doing a financing to keep prices down until they have their position. If you are not going to be participating in any financing (it may or may not be necessary, depending on whether or not they are able to raise the cash another way eg convertible debentures, offtake agreements etc), then I would suggest that now is a good time to be building your position.

I continue to add to my position and dollar cost average down as funds become available.

Just my 2c.

 

Mymoolah1

Bullboard Posts