Ann: Invictus Energy Project & Drilling Update, page-240

I don't like your metaphors......Titanic......bit early to be calling and Iceberg yet me thinks.
I would prefer calm before the storm and pictures of impending rockets, not because I say so, but because of the absolutely massive prospective resource IVZ are going to attack in less than 4 months.
Our biggest problem is we have absolutely nothing guaranteed to happen, absolute zero certainty around funding...ie farm in or go it alone.
I think there are major issues that need to be dealt with before the rockets ignite.
We then have a whole heap of insto's and sophs who are expecting another raise so there is zero reason for them to be buying atm.
Uncertainty is a killer at this end of the market and on every front we have it.