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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
Post by Mymoolah1on Mar 14, 2013 12:06am
304 Views
Post# 21127380

Current price

Current price

I really would not worry about the current price. I think that it represents a fantastic buying opportunity. There has been no change in the fundamentals of the company ( they would have to have announced anything material)

It is no secret that the company needs money (or else they would not have retained GMP). If any money is to be raised, there would obviously be incentive to keep the price down until the financing is done (that way they get more shares).

I suspect that the weakness in share price will disappear once the financing gets done and this uncertainty is removed from the market. The only question is when they will get this done.

I find it bizarre that the shareprice only traded at 19c today (see yahoo). I would have expected some variability in price given the number of shares traded today. Looking at Level 2 I saw different blocks come up at different prices and disappear, but all appear to have traded at 19c.

 

Just my rambling 2c,

 

Mymoolah1

Bullboard Posts