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6.2¢ invictus energy ltd

Ann: Securities Placement Capacity Update, page-83

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Gharp

5,032 Posts.

888

09/09/23

12:43

Post #: 69795466
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Originally posted by Greenocean: ↑

From memory M1 was budgeted at $16m, obviously that blew out with the sidetrack.

If they have paid for seismic, had left over materials from M1, and as Kiwi alluded to they have paid some of Slbs costs up front, they should have more than enough for M2 with the $23m left.

3D seismic for Mukuyu was around $5-6m.

They may require cash for testing next Year, but on success I think we will have a partner, what that looks like who knows, but cash for testing shouldn’t be a drama.

The sp last Year hit mid 30s, we had a late cap raise while SM was staring down farmin partners to go it alone, a panic, not real but imagined dropped it to 10c, the rest is history.

A lot of retail still in here, the games will no doubt continue for a while yet.

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Going back through the amounts raised last year of 12 million and 23 million before the Mk1 drill, they actually shouldn't' need more cash so the hole in the budget is really coming from what that 12million was spent on in the June quarter

IVZ Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.2¢		Change -0.001(1.59%)		Mkt cap ! $94.01M

Open	High	Low	Value	Volume
6.3¢	6.5¢	6.1¢	$20.71K	333.7K

Buyers (Bids)

No.	Vol.	Price($)
2	81873	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.2¢	265215	1

View Market Depth

No.	Vol.	Price($)
2	81873	0.061
7	442118	0.060
4	151949	0.059
5	221058	0.058
2	333157	0.057

Price($)	Vol.	No.
0.062	265215	1
0.063	48100	1
0.065	92719	2
0.066	85000	2
0.067	44775	1

Last trade - 15.52pm 18/11/2024 (20 minute delay)

IVZ (ASX) Chart