It depends on how confident SM and co are on M2 to ensure min dilution of a bigger raise, all the evidence points to it being the best chance of the elusive discovery and SM seemed quite confident from the Webinar
. SM & co know what's riding on this both from a shareholder perspective and for Zim. The experience from MK1 both +ve's and -ves will def be considered to min the risk this time around. Lets hope the stars align with any major f&%k ups this time.
I am sure the data they have supports that, the 2D seismic to the East of MK1 would give them the optionality of picking the next best be it that or Baobab.
IVZ Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
