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Thursday, July 06, 2017 5:58:39 AM
You are stuck in a company that has never followed through on any property or resource that it has engaged business in.
A company that has spent nearly one hundred million dollars in its lifetime, without mining an ounce of anything, or producing a cent in revenue.
A company where management stays away from outright ownership of common shares, as if they were radioactive.
Once again:
1. Within six months of becoming a graphite company, DNI signed its first agreement with a strategic partner to sell graphite:
http://www.greatlakesgraphite.com/2015/03/23/great-lakes-graphite-announces-graphite-supply-agreement-with-dni-metals/
They have been selling graphite wholesale for years now, including 2,320 metric tons for the second half of this year alone.
http://www.newsfilecorp.com/release/25616/DNI-Metals-Receives-Purchase-Order-for-2320-Tonnes-of-Graphite
How much graphite has your company sold?
[BUZZER]
What is "ZERO metric tons", Alex?
Correct!
2. Soon after becoming a graphite company, DNI purchased its first property in Madagascar:
http://www.newswire.ca/news-releases/dni-metals-inc-signs-letter-of-intent-for-a-graphite-property-in-madagascar-517343531.html
This property is fully-permitted, with a commercial Mining Permit ("Permis de Exploitation" or "PE") granted by the BCCM (Bureau du Cadastre Minier de Madagascar).
DNI owns a clear title to Vohitsara.
http://www.newsfilecorp.com/release/25702/DNI-Metals-Madagascar-Mining-Permit-Graphite-Saprolite-Advantage
What does your company own?
The Molo Project, purchased from Malagasy Minerals, with the full knowledge that it had an expired exploration permit, and that they would be unable to transfer the title in their own name, prior to signing the sales agreement!
From: http://getfilings.com/sec-filings/160928/Energizer-Resources-Inc_10-K/
The exploration permit covering the Molo pit expired in 2011 and has yet to be officially renewed (Exploration Permit #3432 is the permit in question).
Exploration Permit #3432 is currently held under the name of a subsidiary of Malagasy Minerals called, Mada-Aust Sarl.
This current permit expired on August 17, 2011.
From: https://www.sec.gov/Archives/edgar/data/1302084/000110262416002120/energizer10q.htm
Additionally, this permit expired in 2011 and has not been renewed despite our efforts to do so. The Company has continued to pay taxes and administrative fees in Madagascar with respect to our mining permits including the permit relating to the Molo Graphite Project (although such permit is not in the Company's name). These payments have been acknowledged and accepted by the Madagascar government. Further, in order to advance the Molo Graphite Project, the current permit will need to be converted into an exploration permit in the name of the Company or one of its subsidiaries. The Company cannot provide any assurance as to the timing of the receipt of the required permits.
From: https://www.sec.gov/Archives/edgar/data/1302084/000113717115000165/energizerforms1-06182015.htm
our exploration permit expired in 2011 and has not yet been renewed. Failure to renew the exploration permit or convert it into an exploitation permit would prevent the advancement of the Molo project.
Add to that, a possible Reverse Split within the next six months:
http://www.marketwired.com/press-release/energizer-resources-announces-results-2016-annual-special-meeting-stockholders-appointment-tsx-egz-2184431.htm
authorized the board, in its sole discretion, to effect a share consolidation of our common stock at an exchange ratio of not less than 1-for-5 and not greater than 1-for-10, by filing an amendment to our articles of incorporation at any time through December 19, 2017.
You cannot put any positive spin, or twist people's perceptions in the hopeless quest of budging reality, to the fact that you are stuck with a company that owns a property with a six-year expired permit, with no legal rights to mine graphite.
Also, as far as "SuperFlake" is concerned, you are aware that another graphite company has been using that same name for years now, right?
http://www.superiorgraphite.com/pdf/Superflake-Cold-Oven-Chain-Lubricant.pdf
This is what real graphite companies do. They actually sell graphite, instead of talking about it.
Please go back to your board, and stay there. I am still on vacation, and do not have time for your stupid games.
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