We are nearly through the placement sell off. Yeah options need to churn through. People will be selling heads, buying options, trading, changing positions etc. Probably a few weeks of that left, say 1- 4 weeks. Price guesstimate 12c
Then a huge amount rides on the lab results from MK1, that will set expectations for MK2. This will happen about 4-8 weeks. Bad results 6-8c. Good results 20-30c.
Then we come up to spud date, about 8-12 weeks from now. Price will be dictated by expectations from above. Bad results 12c. Good results 30-40c.
People will then reposition their holdings.
Then drill results about 4 months from now and we either moon or crater. No idea on price. Bad outcome 3-4c. Good outcome 40-80c.
I don't see other news having much of an impact unless something black swan of course. Obviously the above is just a best guess and it's fine to disagree.
IVZ Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
