IVZ 0.00% 6.8¢ invictus energy ltd

Ann: Share Purchase Plan Oversubscribed, page-113

  1. 1,671 Posts.
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    Fair call mate…nothing directed at you.

    I’ve marked up the use of funds below including over-subscriptions. If people think this is the best use of our funds then fine. I would have preferred a clear message that anything over $20m is going towards drilling.

    Have never seen so much money from a CR allocated to general working capital in almost 30 yrs of investing. And to be clear, working capital is generally just staff costs, admin and corporate costs. There’s some small O&G companies that could last 3 years on $4.8m!

    https://hotcopper.com.au/data/attachments/5319/5319796-3df6ec37a29983b9296e9b7bef37a286.jpg

 
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