IVZ

1.41%

7.2¢ invictus energy ltd

The age of minerals is over. The time of oil and gas has come! (7Seven7DD), page-176

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Mr.Hustler

5,754 Posts.

1134

29/12/23

20:07

Post #: 71663245
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Originally posted by jakspara ↑

This is EXACTLY what every other smallcap O&G company faces when needing to access finance, it’s not unique to IVZ. The difference being, we have actually found something significant, therefore we’re burning through cash at an unprecedented rate to prove up the find. The O&G community haven’t seen something like this for a long time so I can understand some of the anxiety and confusion. Usually it’s just farm down, drill one dry well, go into hibernation for 2-3yrs, raise more cash, drill another dry well, do a consolidation, raise more cash….and so on. Most investors are just completely bamboozled by the fact we’ve actually managed to hit one out of the park and we’re now swiftly following up to show the market what we have. I’ve been here long enough to know Scott is no fool and he is certainly not one to gloat, but geez I’m gonna be happy to see the look on his face when they light that flare and silence all the sooks currently finger pointing.

It’s been a pretty disappointing reaction from the vast majority here…..funny thing is we don’t see @7seven7 @Kiwigeo8339 @VOGC @petere @OldGeo @Surfer Sam etc. have a meltdown do we, because these are astute investors with industry experience who actually understand what we’ve achieved, man they’ve even stepped back from the site it’s that embarrassing, just really uninformed childish behaviour from most here.

Anyway, I’m buying whatever I can down here, because regardless of all the “we’ll never see 20c again”, “we’ll be lucky to see any uplift from flow test” etc etc, I’ve not seen a discovery like this in my time and anyone who thinks a potential +20tcf will be sold for a few $100mill are having a laugh….the companies that will be lining up to sign GSA’s and funding agreements don’t give a fig about what some Woolies or Maccas worker on HotCopper says, the hydrocarbons are worth what they’re worth, plain and simple.

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I've seen it all before but it failed in that instance due to being a minority partner that failed due to the pressure brought to bear by the majority holder.

There is something to be said about holding 80% and not having a major involved at this stage of the proceedings.

IVZ Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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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

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No.	Vol.	Price($)
1	39904	6.9¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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10	1008869	0.065

Price($)	Vol.	No.
0.072	272761	2
0.073	672501	5
0.074	1134171	6
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The age of minerals is over. The time of oil and gas has come! (7Seven7DD), page-176

Macro, Norden set up transport solutions initiative for West Pilbara

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The age of minerals is over. The time of oil and gas has come! (7Seven7DD), page-176

Top Stories

Macro, Norden set up transport solutions initiative for West Pilbara

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

Sierra Nevada raises $2M for silver exploration at Blackhawk

Talga Group wins key permit for flagship graphite mine in Sweden

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What's causing the cost-of-living crisis, and how to navigate it

Nanoveu surges 10% after benchmark testing for new AI chip begins

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

Featured News

Buyers (Bids)

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Featured News