IVZ 2.47% 7.9¢ invictus energy ltd

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  1. 1,604 Posts.
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    Guys the best thing SM did was to not farm out with what HE knows (he has 10% in this... he does not want to be diluted). While there is a free option at $0.40, they effectively paid $0.315/share (what is the share price today, and what was the low after the raise). As blueballs says IVZ will need a lot of cash if this is a success. When cash is required to start to appraise next year, there will be an opportunity for a SPP (post Jan/Feb).

    I know many will probably take a profit, but someone quoted ~6000 shareholders, probably a lot more now, so 6000 x $30,000 = $180 million (which should be under the 15% cap) that will help fund the next 1-2 years appraisal and we could all get to benefit. If this were to eventuate, it gives management the opportunity to fully appraise the field and then to entertain proposals.
 
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Last
7.9¢
Change
-0.002(2.47%)
Mkt cap ! $113.8M
Open High Low Value Volume
7.8¢ 8.2¢ 7.7¢ $270.8K 3.418M

Buyers (Bids)

No. Vol. Price($)
1 3980 7.8¢
 

Sellers (Offers)

Price($) Vol. No.
8.0¢ 100000 1
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Last trade - 16.10pm 06/08/2024 (20 minute delay) ?
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