Hmm very bullish! Testing support! Will need to check out the egz charts tonight.
In other news:
Dundee Names Energizer Resources as One of Their Top Prospects From the PDAC
Dear Energizer Enthusiast,
Please find a link to a report from Dundee Capital Markets that has named Energizer Resources as one of their top prospects from the PDAC.
In the brief summary on Energizer, Dundee states, "With strong institutional backing, funding already in hand for their ambitious 2012 programs, and plenty of milestones and news-flow this year, we believe Energizer will be in the spotlight in 2012."
Dundee outlines 4 key points as to why investors should get to know Energizer's stock:
Ambitious 2012 Plans for mine development - NI 43-101 resource drilling planned for this Spring and completed Preliminary Economic Assessment Study expected by this October
News-flow and exploration upside potential - Continued assay results coming in from multiple zones show very good size. Graphite is at surface, with high-grades and wide intersections. Strike lengths of zones can be measured in kilometres and are open along strike and at depth
Agreement with DRA Mineral Projects pivotal - Already Energizer's technical partner for mine development, DRA (Africa's largest mine development company) showed an increase in their confidence of the Project by making an initial investment into Energizer
Cashed up with strong institutional backing
This week's news confirming the presence of jumbo flake graphite with purities of +90%, combined with our exploration results to date, make the Green Giant project quite unique in the marketplace
To read the report from Dundee Capital Markets, please click here.
We look forward to sharing more results from our Project with you very soon.
Best Regards,
Brent Nykoliation Vice-President, Business Development Energizer Resources Inc.
MGY Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held