IVZ have usually been quite conservative on the cost estimates. I’m as shocked as the next person that they finished the ST with negative equity. They must have really struggled to get those sample runs away. I suspect a lot more went wrong than we were advised of. I suppose they really couldn’t pull up stumps without a sample though, especially considering the rerate they thought the sample would bring.
That's all in the past though. What we need to hear is where the next cash infusion is coming from. Flow test was meant to be Q2 but here we are in May and no news on the expected timeframe. The Zim investors have had moths to stump up $10M (at any price) but no news on that front either.
The silence is deafening.
IVZ Share Price, page-20525
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Last
7.8¢ |
Change
-0.003(3.70%) |
Mkt cap ! $112.3M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.0¢ | 7.8¢ | $83.25K | 1.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 106550 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 132215 | 2 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| IVZ (ASX) Chart |