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Originally posted by jakspara
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NON BINDING …..ie. has no legal or binding force. Therefore, this is not a good or bad deal for Invictus, as a deal has not been done yet. I’m sure the non binding factor comes from the Invictus camp as Cluff would be absolutely tripping over themselves to ink that deal, as would a multitude of other private investors and public companies. At face value, yes, we’ve been dished up a turd sandwich but there is no chance that this is the deal that gets signed off on. Seems there are plenty of “investors” tossing their toys out of the cot over this….realistically, given the tedious work that has gone into progressing the project to the current stage and recent commentary from management there is no reason to believe that this deal will ever see the light of day. I firmly believe there is much more to play out in this space over the coming months. IMO.
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Especially since Scott has said a material increase in resource from initial seismic interpretation. Everyone in the data room sees it too. Maybe we can expect a few more announcements before Christmas as the bidding war begins. Our SP will appreciate with games being played. Todays drop in sp surprised me
