"fool me twice"... you've done well, just twice.
I have been in IVZ since 2018 and the roller coaster has been in play that whole time. I can not disembark now even after being fooled 20 times.
I remember I took some losses from Lithium 1.0 when lithium crashed and burnt in 2018, 2019 ... PLS, AVZ, A40. I kicked myself when the stayers rode Lithium back up and made a fortune. AVZ, that meme, rubbish dream in DRC, now in trouble as we know, but I sold from 11c down to 4c and then watched as it climbed back to 135c.
After 5 years here I could not sleep at night were I to sell and then suddenly everything falls into place and they open up the basin with a monster resource. Those 2 sample attempts were a split decision away from drawing hydrocarbons from the well. LA is loaded with high pressured resources. It's not a duster.
If the sidetrack fails I am stuck till the end, CR and further dilution or not. Even if they double the SOI and the SP only reaches $1.20 as its final high, it's still a lot higher than the current 14c.
And saying Scott takes his 1% royalty and doesn't care about share price is harsh. He has put his life into this and seems to be a motivated guy, he and his board will want success.
Shame the mood has soured so badly here when we are so close. Each to their own in investing. Let's hope Scott can release some snippets of logging detail, the PA water analysis and positive sidetrack updates so that a more upbeat crew can come on board and cheer this miserable message board up a bit
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