IVZ
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4.23% 7.4¢ invictus energy ltd

Ann: $15m raised to fund Well Test & Cabora Bassa Operations, page-405

  1. macca64
    32 Posts.
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    30/12/23
    07:23
    Post #: 71665543
    I agree with @mwatts entitlements will issue on same term as Sophs CR - the price is dropping because people are panicking and milestones are not being achieved at the rate foreshadowed. IMO the company needed immediate cash or it would have done a rights issue from the outset. Rights issue take a lot longer to get the paperwork together which suggests that the paperwork not being in the bottom drawer and ready to go the latest CR has been brought forward - this is not necessarily a bad thing
    IVZ Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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