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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 StoogeNo4on Aug 01, 2016 3:01pm
268 Views
Post# 25100654

RE:shares

RE:sharesMy charts show a fairly steady accumulation over the last 12 months.  It is gnenrally considered bullish if there is accumulation and the share price remains fairly constant or even decreases a little bit as it has.

If this is indeed bullish (and who knows with technical analysis on penny stocks), then I don't foresee any major movement until Madagascar starts issuing mining permits to the many companies in waiting.  Subsequent to that, then I think we'll finally see some partnerships/deals come through.

So I don't mind too much about the price not moving so long as accumulation continues.  But it is BS that we're stuck here below 20 cents (US).  There's not a thing we can do about it; it's all on Madagascar.  Supposedly our mining permit application was submitted months ago.  Palm Beach is right and you should call management to see where we are in the process.
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