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7.2¢ invictus energy ltd

PAC value at $0.77 per share, page-192

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BigAl82956

55 Posts.

30

03/02/24

16:37

Post #: 72221370
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Originally posted by Frank7717: ↑

yep. It’s ALL about financing, imo. There could be Saudi-sized reserves here, but if INVICTUS can’t come up with the money to develop it, Invictus can’t benefit from it. And it’s going to cost a LOT to just to confirm what’s here, much less the billions to develop it. The sharks know that. So they’ll play their games on ASX raises, buying and selling for quick profits. But the real money will wait to see WHO is actually going to develop this, which means who has the money to do so.
Banks aren’t likely to risk investment in a tiny exploration company. IMO, Invictus needs a major oil and gas company sugar daddy, from a shareholders perspective, to solidify funding and thus let the big money know this WILL be panning out. I get Scott doesn’t want to lose control/ownership, but I also think it’s clear, again from a shareholder’s perspective, that this isn’t going to go anywhere soon on a do-it-yourself basis.

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Frank7717 stated:

"There could be Saudi-sized reserves here"

This seems little more than even a Roch2077 exageration based on a quickl check of OPEC website.

IVZ Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.2¢		Change 0.001(1.41%)		Mkt cap ! $109.1M

Open	High	Low	Value	Volume
7.0¢	7.2¢	6.9¢	$132.2K	1.903M

Buyers (Bids)

No.	Vol.	Price($)
1	39904	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	272761	2

View Market Depth

No.	Vol.	Price($)
1	39904	0.069
10	693819	0.068
4	297984	0.067
4	275151	0.066
10	1008869	0.065

Price($)	Vol.	No.
0.072	272761	2
0.073	672501	5
0.074	1134171	6
0.075	1258979	3
0.076	1067581	3

Last trade - 16.10pm 18/10/2024 (20 minute delay)

IVZ (ASX) Chart