You can say that about every oil and gas explorer including MAY, PCL, EXR and the list goes on. You need to look at the fundamentals and understand that:
1. MK1 de risked the basin
2. there is gas, oil and helium present
3. 100 percent fluorescence
4. Inch away from previous delayed discovery if it wasn’t from the tool
5. the data already points to a delayed discovery as per Scott
6. MK2 is in a position to raise up a significant resource
The share price is still trading less than when the tool got stuck and we are in significantly better position now compared to then including data. Target price coming up on the basin is $2.40-$2.80.
IVZ Share Price, page-13904
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