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ENERGIZER RESOURCES INC T.EGZ

Metals & Mining Industrial Metals & Minerals
"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

ENERGIZER RESOURCES INC
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Comment by riverrockon Mar 10, 2013 8:40pm
105 Views
Post# 21108744

RE: RE: Long term shareholders....

RE: RE: Long term shareholders....

 

True that they will not be doing Molo's CAPEX before the BFS, but the situation -as it now stands- indicates excessive dilution. Things might change, but my reasoning is based on the present.

 

If we had a history of successful production with earnings a reverse split might be appropriate to fund future expansion assuming demand for both Graphite and V2O5 were strong.

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