Australia's largest stock trading and investment forum Australia's #1 stock forum

IVZ

Click for more information

0.00%

7.0¢ invictus energy ltd

Ann: Hydrocarbon gas recovered & evaluation program forward plan, page-513

First 513 Last

Share
Profile

Follow
Mawfish

274 Posts.

31

20/11/23

18:20

Post #: 71003759
Share

Originally posted by Shnoush: ↑

Surprised by this bullishness. I was as upbeat as anyone but sold 20% of my holding last week and another ~ third today. While they may have more knowledge about the geology, the issues experienced to date don't make me believe that that increased knowledge moves the chance of success from historically 0 to 90% moving forward. Another explanation for why they are doing a sidetrack might be what choice do they really have? If they said they were giving up on a sample and were going to (have to raise money to) flow test, they'd probably be doing so at somewhere around 8c (just a guess). Alternatively if they do the sidetrack and fail again and decide to flow test the cap raise would probably only be at a slightly lower number than that. So, limited downside to what now seems (to me, admittedly only intuitively) a bit of a throw at the stumps. My remaining holding hopes I'm wrong.

Expand

It sounded like they had concerns about putting the liner in the current hole given its degradation. They pretty much had to sidetrack to enable future flow testing.

IVZ Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

There are more pages in this discussion • 1,152 more messages in this thread...

First 513 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 7.0¢		Change 0.000(0.00%)		Mkt cap ! $106.1M

Open	High	Low	Value	Volume
7.1¢	7.2¢	6.9¢	$74.39K	1.062M

Buyers (Bids)

No.	Vol.	Price($)
3	113702	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	106523	1

View Market Depth

No.	Vol.	Price($)
2	82463	0.069
5	250000	0.068
5	314984	0.067
3	454117	0.066
10	922560	0.065

Price($)	Vol.	No.
0.070	106523	1
0.073	112490	1
0.074	606171	3
0.075	943787	3
0.076	1187581	4

Last trade - 16.10pm 11/10/2024 (20 minute delay)

IVZ (ASX) Chart