This is where I get more concerned that we won't have anything happen before the end of the year. Previously, they've announced when they've started ordering long leads - but as of the last update we had there has been no indication anything has been ordered (they were still discussing finalising the flow test design). They also would have announced if they had contracted the required service providers - once again, the last we heard was that they were finalising the contracts (and that was quite a while ago). If they also want to use Exalo to deepen the well and test the LA, they need a 45 day minimum notification period for mobilisation etc. The biggest failing of IVZ at the moment is their complete lack of transparency around timelines - they continue to say "trust us, things are imminent" but then go quiet for another few months and still can't even put forward some indicative timelines.
IVZ Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
