Back of beer mat stuff, but purely based on RECON and their current market cap of US$1.05bn, then it is logical to assume that IVZ market cap (just above AUD$68 million) would at least soar to half of the RECON market cap i.e. USD$500 million which equates to a SP of just under AUD$4!
But, because we are largely unknown, I believe it will be in the 20cents to $1 range depending on the investor market reaction to the seismic results.
I think once the drill starts it will be at least AUD$1.
If we prove our resources via drilling then who knows how high this share will go? If we can't achieve this we have done our dough
Problem we have with IVZ is that it is still very much under the radar and almost unknown to most investors. Our OTC performance to date starkly reflects that. Merely being listed is not enough. You have to get out their and promote your stock. The best way to do that is to present our seismic results to the market and get the drilling underway.
All of which our BOD and highly competent CEO have well in hand.
This is the best binary play on the ASX market in my opinion. The risk/reward ratio is astronomical.
We have all been very fortunate to be able to have got in at these low levels.
Best wishes to all.
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7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $106.1M |
Open | High | Low | Value | Volume |
7.4¢ | 7.4¢ | 7.0¢ | $61.40K | 862.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 175629 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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7.1¢ | 7976 | 1 |
View Market Depth
No. | Vol. | Price($) |
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7 | 175629 | 0.070 |
2 | 102934 | 0.069 |
4 | 349117 | 0.068 |
4 | 214984 | 0.067 |
3 | 310000 | 0.066 |
Price($) | Vol. | No. |
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0.071 | 7976 | 1 |
0.073 | 232490 | 2 |
0.074 | 620738 | 5 |
0.075 | 743787 | 2 |
0.076 | 892581 | 5 |
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