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riverrock

12/31/15 4:33 PM

#12976 RE: maseraticoupe #12975

Mas, I'm not totally sure, but according to the Statement of Ownership (sc 13g), I calculated that the six (6) separate VR Entities including Mr. Dietz hold about 222,928,470 shares. It checks out to about 65.4% of Energizer's 344.1 Million shares.

The 6 VR entities are: VR Global Parners LP, VR Advisory Services Ltd, VR Capital Participation Ltd, VR Capital Group Ltd, VR Capital Holdings Ltd, and Mr. Dietz.

If I'm correct, I'd wish that the VR Entities take a JV interest in Energizer's Madagascar -Green Giant Graphite and Vanadium Properties- by surrendering a percentage of their share holdings to Energizer for a similar percentage of their JV interest. Energizer would hold such shares for future developments in the properties. Perhaps JP Morgan, Chase can also join the JV, or perhaps provide the property development loan. DRA can handle the JV partners interest.

Any way its just my thinking. has anyone have any other ideas?

Wish all a Happy New Year.
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spartex

12/31/15 9:29 PM

#12977 RE: maseraticoupe #12975

Maser, any idea how Deitz Richard (or others) has played this type of majority ownership with other severely stressed prices of companies with rich resources like Energizer? Really wondering how this might play out. By the way, were most of these holdings picked up during private placements? Thanks and may 2016 be Energizer long shareholder's year!!