Couple of things:  

  • LGO posted more pictures of the Maracas construction.  Moving along nicely thankfully.
  • In case people didn't notice this 11/26/12 announcement on a competitor, Energizer.   It would be a most pleasant surprise for LGO to make the same move to the TSX.
  • LGO is trading below book value of .21; Energizer has a BV of .02 and trading at 15x BV or .30 and they are 3.5x smaller with a 49M marketcap.
  • Question: What does LGO need to do to hit the minimum requirements to graduate to a TSX listing?


Energizer applies to move to TSX

TORONTO ( – Canadian junior Energizer Resources has applied to graduate to the TSX main board, after having met the minimum requirements, the company said on Thursday.

The vanadium hopeful said it did so to allow it to “aggressively” develop its Green Giant project in Madagascar.

Moving to the main board would give the company exposure to a wider range of institutional investors, Energizer president and COO Julie Lee Harrs said.

Vanadium is used to make steel, and Energizer expects that the use of high-purity vanadium in battery technologies presents the company with a “great opportunity”.

The company said it anticipated the TSX would make a decision on allowing the move up to the main board in two months time.

The Green Giant project contains an indicated resource of 49,5-million tons at an average grade of 0,69%, containing 756-million pounds of vanadium pentoxide, making it one of the biggest known vanadium deposits world-wide, Energizer said.