IVZ 1.49% 6.8¢ invictus energy ltd

IVZ Share Price, page-1384

  1. 2,164 Posts.
    lightbulb Created with Sketch. 563
    What's the catalyst for the share price to say double before drilling?

    It sounds like they need to raise $20m to drill both holes which they do not have.

    I would've though some speculative announcement by Zimbabwe President before 26th March that some rich backers have taken a half stake and paid for the whole program or would pay for the whole program and outlay for field development etcetera.

    Without that a cap raising would be dilution and likely to be luke warm received by the market at best imo?

    Anyone want to clarify their thoughts 3 years is a long time to wait between drinks mr spara?
 
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