RE:RE:RE:RE:WHAT A SHAME 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 that will influence or change their direction
Don't get me started on the Provincial Liberals (3 Billions wasted and nothing to show for it).....
Let's hope their risky approach pays off for us shareholders... 1. I can’t begin to explain the markets. What is evident is that retail is driving all the stock evaluations in the junior exploration space, not institutions. Energizer has done very little in retail promotion but will be making it a major focus in the new year.
2. We will be getting dedicated research from GMP in the new year - this will be key for exposure to both the retail and institutional audience.
3. We are raising money for the simple and important reason that we are moving the project forward - like we have done so well to date. It is a race and first mover advantage is very important. These funds are to finance our BFS and get us closer to financing the mine and finalize off take agreements - the BFS is crucial for this. You suggest the alternative, which is to a) sit and wait and do nothing until the market turns around (which has been brutal for almost 24 months now) which would stall our project for 6-12 months or longer while we wait for an indefinite period of time for market to improve. There would be no news and the stock would likely drift down further in the meantime. Not advisable. Or, we take 6 months and spend significant money reserved currently for the initiation of the BFS and promote the project to the retail space. This would cost $50,000-$100,000 per month and guarantees no increase in our stock price and would again, put us behind where others would catch up.
We choose to spend precious investor funds and move the project forward to a mine. We certainly care about dilution…Mgmt are SIGNIFICANT shareholders, but our stock will appreciate when the mine is up and making cash. Off takes will come when we advance the project as this is what strategic partners want to see. None of them care what our stock price is, they just want to see us move throughout the milestones and de-risk the project. I would love to raise money at higher prices but that is not reality and we could very easily burn significant funds attempting this with little effect given the markets.
Our focus is project advancement and be first to the finish line and we will continue to put out good, great and stellar news along the way.
Regards,