ENERGIZER RESOURCES INC T.EGZ

WHAT A SHAME

[frewil1]

Its a shame that this company has to do this kind of dilution for just 8 million bucks, but I guess with the economics of the project being so good its worth going ahead with it, nearly all juniors are in comatose mode right now and for who knows how much longer, without a major development the share price will more than likely stay down around these levels, just my opinion acourse.  GL

[Doingmybest]

It is disappointing, but here are some things we know 1) This management team is aggressive.  They have done an amazing amount of work on Molo in the last 18 months and know the value. Management would have tried to generate as much money as possible for as little shares as possible. Their money is hurt by share dilution as well, don't forget that.  This is what they could

[luckyluckygreen]

It would provide a little more confidence with investors ( myself) if management would step up and put a little of their own skin in the game. Instead they are taking large salaries and holding cheap options, taking a very risk adverse approach. Personally it would be nice to see management show investors they are confident enough in their own project to take

[Presclubs]

Yes this is fantastic deposit that is unique, but I tend to agree.  There will be a good return but this dilution is a little over the top.  I was expecting dilution but these are lone shark rates even for this market with this deposit.  It has taken away many multiples from the loyal shareholders.  If they had issued a shareholders rights issue, my group would have

[monoblock]

I sent Energizer an email pertaining to this dilution.  Like many of the shareholder on here I'm not exactly thrilled with all this. It's our skin that's on the table. And we're the ones that stand to lose our shirts.  Companies now a day’s run their businesses like a Government. They do whatever the hell they want at our expense. And there's nothing we can say or do

[MrBigger]

"It does lower out bottom line, but if we get to a market cap of 400 million one day, every single person owning shares makes money...and that isn't possible without a BFS." Detour Gold has a new 2 billion dollar mine, 150 million in cash, 25 million ounces of gold and a 500 million dollar market cap. EGZ is going no where near 400 million any time soon, especially in Africa.

[Eindhoven]

I agree it won't happen soon, but I don't think a 400 million valuation down the road is out of the question.  If you haven't, take a look at SYR, a graphite vanadium project in Mozambique, an African country with more than its fair share of political instability.  The projects share many similarities, and SYR is not significantly more advanced than EZG.  Current market