IVZ 2.47% 7.9¢ invictus energy ltd

Ann: Hydrocarbon gas recovered & evaluation program forward plan, page-769

  1. 4,319 Posts.
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    They've basically burned 12-15 million dollars without getting the result they were looking for so the market has reacted according.

    Its not easy to go and ask the market again for another 12-15 million dollars without showing some result for the past 40 million dollars you've just spent so basically a punt now on whether they can get this discovery without running out of cash on this ST.
 
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