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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

Comment by riverrockon Jan 05, 2016 8:27pm
139 Views
Post# 24431855

RE:RE:Just an estimate

RE:RE:Just an estimate

StoogeNo4... The reason I indicated -it was just an estimate-was that the US Security Exchange Commission complicates things with long winded reports making it difficult for us small investors to fully understand their reports.

Still on the Statement of Ownership (sc 13g) https://ih.advfn.com/p.php?pid=nmona&article=69851142

It shows 6 separate VR entities as owning shares of Energizer.. They are VR Global Partners LP, VR Advisory Services Ltd, VR Capital Participation Ltd, VR Capital Group Ltd, VR Capital Holdings Ltd, and Mr. Dietz.

The first two Entities, VR Global Partners LP and VR Advisory Services Ltd are shown to have 31,396,801 shares each, or each has ~9.3% of Energizer's total shares. The next four or the (3rd through the 6th Entities) are VR Capital Participation Ltd, VR Capital Group Ltd, VR Capital Holdings Ltd, and Mr. Dietz , they are shown to have 40,030,713 shares each, or each has ~11.7% of Energizers total shares. In effect (9.3 x 2) + (11.7 x 4) makes 65.4 % of Energizers shares, As a check (31,396,801 x 2) + 40,030,713 x 4 makes a total of 222,916,454 shares owned by the 6 Entities and 222,916,454 divided by Energizer's 344,135,670 shares checks closely at 64.8%.

I honestly hope that the estimate is correct, but I have reservations as stated above.

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