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ENERGIZER RESOURCES INC T.EGZ

"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

Post by riverrockon Dec 11, 2014 7:59pm
299 Views
Post# 23221838

This may be time to buy

This may be time to buyMaybe we are making to much of Energizer's low price. I feel it is related to the number of shares outstanding and Management's desire to dilute further. This may be an opportunity to buy. Check out the fall in prices of other graphite developers which fell considerably without consideration of their outstanding shares and will likely have to add new shares to go into production. Syrah Resources syr.ax with 162.5 million shares outstanding had a high of Aus $5.99 on July 7. 2014, -so far- today she's at Aus $2.54. Zenyatta Ventures zen.v with 55.61 million shares outstanding had a high of Can $4.87 on July 21, 2013, today she closed at Can $1.74 Flinders Resources fdr.v with 42.86 million shares outstanding was at Can $2.77 on April 8, 2012, today she closed at Can $0.47 Northern Graphite ngc.v with 49.18 million shares outstanding was at Can $3.19 on March 25, 2012, today she closed at Can $0.76
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