Okay last post about this then I'll leave you all in peace.
I was more horrified after the December webinar that SM had retails lapping up his words about potential alternative funding/bank funding whatever you want to call it at this stage of the exploration game.
I've never seen it in all the oil and gas at this early stage I've invested in and everybody shouted that down as being negative downramper.
Then came their dodgy rehash of a MOU from about 2 or 3 years ago. Again I said it looked suss cap raise coming. Got shouted down as a negative down ramper.
They release the Rights Issue at 13c when the market was at 10.5c and again said nobody is going to take this up they'll only raise 1-2million and I think the market may spook by this, again a negative down ramper.
I pointed out first about their 12 million black hole in their December quarter hald yearly report. I too was shocked and blind sided by this as I didn't expect them to spend so much as drilling costs like around 20-30% more than MK1. Again negative down ramper.
So better I say nothing now and leave you all in peace
IVZ Price at posting:
8.6¢ Sentiment: Hold Disclosure: Held
