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4,363 Posts.

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03/01/23

11:13

Post #: 65506555
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Originally posted by Oldelpaso: ↑

Because there was no indication before drilling we even had seals in tact. There's a proven working system - it is not a duster.

Is the resource commercially viable? We don't know, but as far as wildcat drills go this is already an excellent result. People jumped on looking for that short term explosion from a discovery who are now not getting it, and people don't want to sit around waiting for Baobab with their money tied up.

Way I see it is this is a golden opportunity to average down and reap further rewards from a successful Baobab drill. It's still a gamble, but the odds are significantly higher after Mukuyu. I just hope our drills/team don't let us down next time, and also pray to hell we don't get diluted out beforehand.

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"Way I see it is this is a golden opportunity to average down and reap further rewards from a successful Baobab drill. It's still a gamble, but the odds are significantly higher after Mukuyu. I just hope our drills/team don't let us down next time, and also pray to hell we don't get diluted out beforehand."

And therein lied the problem for the 1st hole. Drilling problems, and now a likely CR to move forward. What are holes # 2 through to 5 going to cost?

IVZ Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
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Last 6.0¢		Change -0.003(4.76%)		Mkt cap ! $90.98M

Open	High	Low	Value	Volume
6.3¢	6.3¢	6.0¢	$201.2K	3.276M

Buyers (Bids)

No.	Vol.	Price($)
5	590433	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.2¢	97500	1

View Market Depth

No.	Vol.	Price($)
5	590433	0.060
8	1229160	0.059
2	1017241	0.058
1	70000	0.057
1	10000	0.056

Price($)	Vol.	No.
0.063	281430	1
0.067	97834	1
0.068	102728	3
0.069	155000	1
0.070	386145	3

Last trade - 16.10pm 12/11/2024 (20 minute delay)

IVZ (ASX) Chart