IVZ 4.55% 6.9¢ invictus energy ltd

JRI IVZ Fireside Chat - March 26, page-531

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    Yeh I don't think they do either but the demob cost wasn't a liability in the past and now all of a sudden it is. There's probably a clause in the 2 year contract now saying their working capital position can't be below zero for x number of days or months and probably why the rushed xmas raise eventuated. If they do have a Crack at flow test with only the remaining cash they have then no doubt there will be a rushed raise after the out come of the flow test so I don't think they'll do this and probably would be more comfortable going into well deepening and flow test with another 10 to 15 mill
 
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