Govt. will be getting at least 60% of profits via PPSA/SWF. These “rug pull” comments are absolute nonsense. People who use a mineral explorer as an example clearly have NFI of the stark differences. Completely different ball game…..firstly, 60% is a sweet deal for sitting back and letting IVZ do all the heavy lifting, can’t see anyone coming in and offering over and above that by a significant amount. Exalo 202 is no rotary mounted to the back of a Tojo. We’ve seen how difficult it is logistically just to get a rig and gear into the country, they’d be setting themselves back at least 5 years all things considered (rig, data, seismic etc etc)
IVZ Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
