ENERGIZER RESOURCES INC T.EGZ

SEDAR

[pepperino]

New information filed on SEDAR in the last day.  Company looking for shareholder approval for one more provate placement. 

I browsed information breifly.  I'm not sure we can expect much more from the company until they raise more funds.  Lots of stuff on the go but it will take time and money.  Overall nothing unexpected.

[Eindhoven]

We should be getting news on the results of the work that has already been done with the pilot plant at a minimum, and I would expect in short order.  Was the private placement part of the form 10-Q?  God bless you for reading that in detail.  I skimmed it but didn't catch this.  I'll read in more detail. 

[Eindhoven]

Its in the notice to shareholders.  125,000,000 shares, plus 62,500,000 warrants.  That has got to be for potential mine financing, right?  The company doesn't vote on the smaller private placements to fund current operations, does it?  Some money from EGZ, some from Caterpillar, and some from whomever else they can arrange?  Also note that, unlike the other things

[Eindhoven]

Should have read the rest before guessing.  Here is what it is for: The Company anticipates this will be the last Private Placement necessary before mine financing will be required. The funds raised from the Private Placement will be primarily used for the completion of a bankable feasibility study, which is now being expedited in order to meet the due diligence requirements of Caterpillar

[frewil1]

125MIL Thats alot of dilution just to pay for FS wich say is done at .20 would give them about 25mil,ya that sounds about right for the FS, but they get a mine out of it wich say 400 mil outstanding is still the norm for a producing mine.  JMHO

[Doingmybest]

That does explain the weakness at today's close. Dropping to 14 cents at 4pm is a rough way to end.

[MrBigger]

125MIL Thats alot of dilution just to pay for FS wich say is done at .20 would give them about 25mil,ya that sounds about right for the FS, but they get a mine out of it wich say 400 mil outstanding is still the norm for a producing mine.  JMHO      Yeah instead they get 8.6 million at what 7 cents??