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1.56%

6.5¢ invictus energy ltd

IVZ Share Price, page-196

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umw

1,775 Posts.

257

21/07/21

10:23

Post #: 54652039
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Originally posted by dcob: ↑

When markets come under pressure, it's the companies that are making money which get supported. Sovereign risk of course plays its' part but without revenue, the speculative hot air simply bleeds out in the absence cold hard concrete facts. When there's nothing to pin a particular value on, cash backing acts as a magnet unfortunately. The capital management here looks very good but it ran from 1 cent to well over 20 cents on pure speculation. It currently has a market cap of A$ 84 million but only realistically backed by around A$8 million in cash and that gets spent over a period of time just keeping the lights on.

The rusted on believers will call this down ramping but for those simply wanting a real answer as to why it's now trending down, the above is the cold hard facts of this game. Emotional attachment and averaging down on speculative plays often ruins lives.

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i totally agree with you on the averaging down ("top up") plays, people do not realise how this affects your money management and risk, when someone says they have a $300K in IVZ, i hope they have at least another $5M invested elsewhere

IVZ Price at posting: 14.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 6.5¢		Change 0.001(1.56%)		Mkt cap ! $101.6M

Open	High	Low	Value	Volume
6.4¢	6.7¢	6.4¢	$54.93K	839.3K

Buyers (Bids)

No.	Vol.	Price($)
1	72200	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	25276	1

View Market Depth

No.	Vol.	Price($)
1	72200	0.065
7	398459	0.064
4	316429	0.063
5	694487	0.062
5	808099	0.061

Price($)	Vol.	No.
0.066	25276	1
0.067	262512	2
0.068	118873	4
0.069	316700	3
0.070	370000	2

Last trade - 12.06pm 08/11/2024 (20 minute delay)

IVZ (ASX) Chart