IVZ 1.37% 7.4¢ invictus energy ltd

IVZ Share Price, page-6535

  1. 1,002 Posts.
    lightbulb Created with Sketch. 330

    I think the way you should look at it is chance of failure rather than success

    Say you want to roll a 6, chance of failure is 5/6 or close to 83%.

    If you roll 7 times (for the 7 targes) to get a 6, your chances at not rolling a 6 = (5/6)*(5/6)*(5/6)*(5/6)*(5/6)*(5/6)*(5/6) = 27%

    So using those percentages, the chance of not hitting one of the 7 targets and missing out on everything is 27%. Therefore the chance of hitting 1 target is 73%

    Happy to be correct but I'm very certain we hit gas/oil in at least 1 target. Keep in mind I'm not including Baobab. Finding a commercially viable deposit however is a different aspect and would be much lower.
 
watchlist Created with Sketch. Add IVZ (ASX) to my watchlist
(20min delay)
Last
7.4¢
Change
0.001(1.37%)
Mkt cap ! $106.6M
Open High Low Value Volume
7.2¢ 7.4¢ 7.1¢ $55.90K 778.9K

Buyers (Bids)

No. Vol. Price($)
6 470805 7.1¢
 

Sellers (Offers)

Price($) Vol. No.
7.4¢ 549999 2
View Market Depth
Last trade - 16.10pm 04/09/2024 (20 minute delay) ?
IVZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.