MGY: MC $15.5m. We need to discuss MGY + its connection with Canadian Energizer resources. # MGY: Large ground holdings in Madagascar. Promising for Copper ,Nickel,Zinc. 110 kms strike length Graphitic schist in its 100% held tenements . No JORC. Cash $2.1m. Modest cash generation of $600k PA from quarrying & Commercial properties rental ( this covers Corporate overheads) # Connection with Energizer Resources: 25% JV for Graphite & Vanadium,Fully carried by Energizer to BFS. MGY has right to all other minerals. No JORC,but targeting 50 - 100mt @ 6 -10% Carbon. "Jumbo" Flake Graphite. MGY has 7.5m Energizer shares valued just over $2m. .... To Summerize: 1) Good potential ,but very early stage. 2) Free carried by Energizer For MGY's 25% interest. 3) Liquid assets of over $4m. 4) Generating little cash. 5) No fear of dilution in the foreseeable future. ..... I hold MGY as well.
