Don't really want to discuss other stocks too much in this thread but to answer your question, it's the other one in my signature. I sold off MAY to add to what I took in the recent raise for AAU - am now comfortably in the T20. It's not an oil and gas play but it's one with a top tier management team that I am happy to watch play out for 3-5 years.Yeah this is what I think is ideal.... if we raise the $30M odd ourselves but have $10-15M to a new cornerstone investor. Be it Cluff, our UAE mystery friends or some other entity. And the other $15-$20M can be raised through existing holders or sophs/insto. This way we take some dilution for shareholders now (20% odd based on a raise at 20c) but don't lose any % ownership of the project - saving any farm-out for if we are successful with the 2 well program and are valued in the high hundreds of millions or even in to the billions.
The alternative is to farm-out 25-30% to Cluff or another party now... but you'd want at least 100% of the $30M costs covered in this case for it to be competitive with a cap raise for shareholder value.... Otherwise if for example Cluff contribute $20M for 25%.... we still need to raise another $10M so we as shareholders get diluted at the project level and again at the company level.
In the end and as much as I am not a fan, I think IVZ will go with a slightly improved offer from Cluff. At least if this happens we are secured for funding and the SP can start to run in to the drill.
- Forums
- ASX - By Stock
- IVZ
- Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement
Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-175
-
- There are more pages in this discussion • 96 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IVZ (ASX) to my watchlist
|
|||||
Last
6.8¢ |
Change
0.001(1.49%) |
Mkt cap ! $96.41M |
Open | High | Low | Value | Volume |
6.7¢ | 6.9¢ | 6.7¢ | $34.82K | 512.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150899 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 131225 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 150899 | 0.068 |
1 | 150000 | 0.067 |
6 | 376496 | 0.066 |
5 | 893384 | 0.065 |
1 | 100999 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 131225 | 1 |
0.070 | 494994 | 5 |
0.071 | 370417 | 2 |
0.072 | 550000 | 2 |
0.073 | 460000 | 3 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
IVZ (ASX) Chart |