ENERGIZER RESOURCES INC T.EGZ

SAGAR PROPERTY ? ?

[frewil1]

Does anybody want to comment on how the company is saying that this part of the financing just raised is going to go towards the exploration of the Sagar property in Quebec, this makes no sense to me, is the company just doing some stick handling with this cash.

[brodeur]

what i read from the below paragraph in today's PR is they want to develop it to sell it or do a JV and get cash for it. if so, they are thinking the cash return for the project is more than the amount raised, or whatever amount is used to develop it to JV/selling standards. then the cash proceeds from that will be used for Molo. sounds like a good plan, if they can sell it.

[frewil1]

I dont think its a good plan at all, first of all just to get a 43-101 [ wich they dont even know what resource ther targeting on that property] could take a year or two and these propertys dont get bought out unless they've at  least a PEA done , most of the time a FS has been finished, plus theres hundreds of these projects out there and very few get bought, they would need many more

[Eindhoven]

Agree.  This was not the news release I was hoping for.  It is nice that some who have discussed this with management feel positive, but I think management needs to do a better job communicating with everyone, not just those who email and call directly.

[monoblock]

My sentiments exactly!! They've done so much to develop the Molo site. Now they’re throwing a monkey wrench into the whole operation ? I don’t get it? This news will most certainly kill any upward momentum for quite some time.  It’s nice that they kept this from us shareholders. You think this would have been brought up in the shareholder’s meeting. I agree, it’ll take 1 -2 years to