IVZ 1.43% 6.9¢ invictus energy ltd

Ann: Mukuyu-2 Drilling Update, page-371

  1. 1,002 Posts.
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    We've received updates the last two Tuesdays, so I wouldn't be surprised if we got another "Mukuyu-2 Drilling Update" on Tuesday. Remember for MK1 Scott didn't want to provide any updates until drilling was done. The price action of MK1 by doing that is obviously the reason for the regular updates for MK2.

    Also, regarding your comment re. holding off on releasing bad news and immediately releasing good news. That's literally every company in the history. No company will want to rush bad news to the market when they don't have to and every company will want to rush good news. General rule on stock markets is if there is bad news best wait until you have some good news to dilute the impact!

    My personal prediction, based on nothing more than back of the envelope workings, is another "update" this week with the key announcement to come week starting 23rd of October. A part of me believes we'll go into TH this coming Friday and if we don't get one early week after (week of 23/10) I'll start getting a bit nervous that we can't get a sample to surface.

 
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