IVZ

1.49%

6.8¢ invictus energy ltd

Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-177

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09/04/22

17:20

Post #: 60759965
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Originally posted by 7seven7: ↑

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.

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You are a fan of going it alone?

You must be new to markets. There is no other explanation.

Are proponents of going it alone insane?

IVZ Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
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)

IVZ (ASX) Chart

Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-177

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Immutep reports strong response rate from immunotherapies treating carcinomas

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Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Bitcoin investors need to know the risks

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

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Buyers (Bids)

Sellers (Offers)

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Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-177

Top Stories

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Bitcoin investors need to know the risks

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nimy to raise $1.21M to explore 'newsy' WA targets

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News