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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 goodtoreadthison Dec 20, 2016 12:46pm
257 Views
Post# 25625330

Big money buys into ENZR business plan

Big money buys into ENZR business planThe annual meeting vote totals told all of us that the large shareholders of ENZR believe in the company's business plan. I don't: but for now I will defer to the monied interests who voted in support of ENZR's management. 

Using the FEED study incremental development and the low capex cost of the first option, ENZR could actually be a producing mine in 2017, just about the same time as SYAAF comes on line. If ENZR changes it's stripes and actually cuts deals for offtake, Molo graphite coud be profitable quite quickly. 

That they were able to convince Dundee to invest $6 mill in Sept 2016 says that ENZR may not be blowing smoke this time around. 

That the ENZR CEO and one director of ENZR own ZERO shares of ENZR with their own money tells me that smoke blowing is something the CEO may be prone to. Hope they finally step up and actually buy shares in THEIR company. 
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