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7.2¢ invictus energy ltd

Ann: Trading Halt, page-236

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Glish

1,161 Posts.

554

21/12/23

11:50

Post #: 71566964
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Originally posted by johnkovacc: ↑

Given we've raised $25 million, that should just cover us to do

3D seismic (believe Scott said it was circa $5 million)
Flow Test (seen figures of $8-$10 million, happy to be corrected)
General working capital (imagine we'd be hiring more people)
Lab testing (not sure if this has been paid for yet)

Problem with this is, once we complete the above we'll be out of cash again so good chance our share price will fall back to the teens/low 20s.

Scott/IVZ keep doing smallish raises hoping that they can raise at a higher price in the future (believe the raise just before spud was the company hoping we'd be at a higher share price) but in reality what they're doing is alerting the market of when to pump and when to dump. We can't keep raising just enough to get to the next milestone because when we get to the milestone the market will know we have no cash and will suppress the price again.

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agree. This will be rinse and repeat. It’s the manipulation of the sp by those “in the know” (IMO) and how this will be rectified is a mystery irrespective of any results.
IVZ Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.2¢		Change 0.001(1.41%)		Mkt cap ! $109.1M

Open	High	Low	Value	Volume
7.0¢	7.2¢	6.9¢	$132.2K	1.903M

Buyers (Bids)

No.	Vol.	Price($)
1	39904	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	272761	2

View Market Depth

No.	Vol.	Price($)
1	39904	0.069
10	693819	0.068
4	297984	0.067
4	275151	0.066
10	1008869	0.065

Price($)	Vol.	No.
0.072	272761	2
0.073	672501	5
0.074	1134171	6
0.075	1258979	3
0.076	1067581	3

Last trade - 16.10pm 18/10/2024 (20 minute delay)

IVZ (ASX) Chart