Ann: Invictus Energy 2019 Annual Report, page-45

Thanks Taken on board , i will take another look at my expectations, I am comparing this to another stock I hold which has similar "funding issues" in the DRC which has proven resource , machinery , etc but is just not able to get itself off the ground , maybe due to legal alignment of all interested parties , which has venture capital finance companies taking the proverbial out of the company coffers.. while everyone seem to want to pull in a different direction.
Which is why IVZ may/may not be on the cusp of a similar situation. ( I know different country different dynamics but still AFRICA) That stock has been in a TH for some time now and is sitting at just over the 1.2c and MCap of +/-26mil on a billion dollar resource.

Granted, this has fewer SOI but I think will definitely need a good cap raise in the future and a lot more shares issued to dilute holdings, in the meantime I think the venture capitalists will be the winners in the short term even before the hyenas get to it. My Take is that If I bought in today I will not see green on this stock come June 2020. IMO.