Agree with these comments. Other posters are saying IVZ needs to be risk adverse which is pretty crazy with the environment and country they are actually operating and their ability to actually raise cash is totally reliant on their MC and share price as to how much they can raise. If it goes under 10c they will be struggling to even raise enough cash for 1 drill so time is really not on their side.
IVZ need to stop acting like a department within woodside with an allocated exploration budget to use and face the realities they are at the mercy of the markets and need to operate more nimbly like the other players in this space.
IVZ Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
