ENERGIZER RESOURCES INC T.EGZ

FEED STUDY - THOUGHTS

[WB68102356]

My view;

Over the past 4 years, ENZR management have promised: 1.They are getting mining permitting - very soon; 2. They are getting and offtake partner - very soon; 3. Implied that they are in some way indirectly supported by the government, WB, EU or other 'heavy players'.

What have they actually accomplished? 1. None of the above (I assume '3' is exaggerated because '1' hasn't happened); 2. Expanded payroll (OK - limited rollback in last 12 months); 3. Dilution of existing SH (lots & lots & lots of that).

Now they seem to be saying "Trust us - this time it will be different". Everyone has to decide for themselves if this is a credible promise - or not.  WB

[goodtoreadthis]

Thanks for those words of caution and doubt. While u have been here some 4 years, I have 4 weeks of experience and no basis for doubt. What I have seen management do has given me encouragement that things may actually happen as forecast by management. I love that the 1st phase plant can be a pseudo- producer. Sherba's lack of share ownership reminds me of Focus Graphite and their-- here u see