I'm not sure why you keep bringing up my name. You couldn't pay me to invest in this stock lol...
The ASX:IVZ director stated multiple times a joint venture is something they are actively searching for. This will take a significant percentage of ownership off IVZ.
I think people are worried it won't flow, particularly because of what you said about the "residual hydrocarbons" (source: 71685414) in the other sections that didn't have a "trap" (source: 71685414) ... lol... If there is no trap/seal, the pressure of the well could neutralise the flow (no flow).
1) "doesn’t need your petty CR" (71685667)... you are back to saying they don't need a credit raise, and yet in the same post saying they will need to raise 250-500million? lol... your lies are off the chain.
Remember how you told us 50-100 times there would be no credit raise because of investment banks etc? That is called credibility decimation.
2)
3) "3 billion dollar offtake agreement" (71685761) lol... no, the MOU is not for $3billion... first of all, the director said it was "up to"... usually that means "less than". Secondly, similar to ASX:LKE, they are jumping at shadows if they think their MOUs are worth anything without an appraisal test to see if the reservoirs have the pressure and flow.
4) People are probably running scared because they know the well conditions are so bad e.g side tracks etc... and that all points towards a likely failed flow test. The metrics that will be hard to swallow for the IVZ crew are the following:
I'm steering very clear of IVZ, I believe their appraisal tests will fail, and then the "fundamentals" will fall off a cliff in my opinion. Good luck.
IVZ Price at posting:
11.5¢ Sentiment: Sell Disclosure: Not Held
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