I agree with your sentiment but really even if they got the full amount (with overs) in January, they were stumbling over timelines to get the well design done to do the well test. They probably would have had to raise again in the lead up to the drill (very common for IVZ) sometime in Q2 and would have burned a lot of the rig hire money anyway. Assuming they got a good flow test they’d be back to square 1, no PPSA and no funding.
It’s dammed if you do and dammed if you don’t.
The problem started years ago when SM went into the drilling campaign with very little idea about capital markets and preservation of capital. Combine that with an overly complicated drill strategy at M2 and they are exactly where they led themselves. It’s not retails fault Scotty, it’s managements fault.
- Forums
- ASX - By Stock
- IVZ
- IVZ media thread
IVZ media thread, page-7410
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IVZ (ASX) to my watchlist
|
|||||
Last
7.7¢ |
Change
-0.001(1.28%) |
Mkt cap ! $112.3M |
Open | High | Low | Value | Volume |
7.9¢ | 7.9¢ | 7.7¢ | $49.01K | 630.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 535076 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 436615 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 535076 | 0.077 |
3 | 345888 | 0.076 |
7 | 593399 | 0.075 |
2 | 300000 | 0.074 |
2 | 240845 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 436609 | 4 |
0.079 | 381858 | 2 |
0.080 | 565949 | 5 |
0.081 | 500000 | 2 |
0.082 | 501667 | 3 |
Last trade - 11.00am 02/09/2024 (20 minute delay) ? |
Featured News
IVZ (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online