MGY malagasy minerals limited

rerating, page-21

  1. 1,111 Posts.
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    A Quick look at the numbers.

    156,562,504 Shares on Issues
    Share Price 0.052
    Market cap = 8.1Million

    Assets
    EGZ.TO (energizer resource) = $3,181,087
    Cash as at Dec 11 = $2,878,000

    JV 25% with EGZ.TO.

    Free carried interest in Green Giant Project with EGZ funding exploration until Bankable Feasibility Study.

    Latest news on Monday from EGZ confirm JUMBO flake graphite (26th March)

    http://www.energizerresources.com/news/481-energizer-resources-discovers-potential-flake-graphite-camp-preliminary-assays-include-614-metre-intercept-at-746-carbon.html

    I will query with the company why they didnt release this announcement to the ASX.

    Only negative out of this company is the issue with the former MD, which is only to the value of $120,000

    Top 20 own about 49% of stock.

    Interesting to note that EGZ.TO have a market cap of 64 million. I wonder if they are doing the numbers over MGY ??

    Good Luck all.



 
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Currently unlisted public company.

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