You’re spot on with my motivation for these posts @Greenocean. And if it’s achieved nothing else, at least the forum isn’t swamped by capital raising fud posts.... And like you say I’m still looking forward to hearing some more feedback from the other usual suspects as well.
Definitely agree with that @Kiwigeo8339. But the key for us is being lucky enough to have success on the first string of pearls prospect to open up the rest. This first exploration well on the basin margin is still going to be high risk. And I personally would prefer to see our market cap much higher through success in the central fairway and proving up Mukuyu prior to drilling out on the basin margin to lessen the effects to our share price if we don’t hit success on the first well. We’d still have the same upside from success but we’d be more protected from the downside on failure. This is why I’m assuming that by putting Baobab on the back burner would be a strategic decision by the company. AIMO
IVZ Price at posting:
11.5¢ Sentiment: None Disclosure: Held
. And like you say I’m still looking forward to hearing some more feedback from the other usual suspects as well.
Definitely agree with that @Kiwigeo8339. But the key for us is being lucky enough to have success on the first string of pearls prospect to open up the rest. This first exploration well on the basin margin is still going to be high risk. And I personally would prefer to see our market cap much higher through success in the central fairway and proving up Mukuyu prior to drilling out on the basin margin to lessen the effects to our share price if we don’t hit success on the first well. We’d still have the same upside from success but we’d be more protected from the downside on failure. This is why I’m assuming that by putting Baobab on the back burner would be a strategic decision by the company. AIMO
