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Davy Boy

16,613 Posts.

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04/01/24

09:52

Post #: 71719584
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Originally posted by WatfordLad: ↑

Once upon a time I would have agreed but after holding for four years and seeing our sp languishing at 11.5c post discovery - I understand the market and any newcomer's reticence to buy in at the moment.
Until that PPSA is signed the uncertainty will continue re sovereign risk imo.

I am a big believer in this story, always have been. But I am not going to blindly promote it at the moment. In fact I am not putting in for the SPP - happy with my share balance and not prepared to put any more money in at this stage.
We need some concrete news as the CR and SPP raise are not going to push the sp north - the opposite possibly?
Not being negative, merely realistic. Anyone on this forum who can honestly say they are happy with an 11.5c sp post multi-discovery, well, lets just say, we are on different pages.

I do believe that we will rise again at some stage, but I am certainly not rushing out and telling my mates to put their hard earned readies in to this adventure, until I hear something from management re the future direction/PPSA/timelines etc.

For the first time since holding four years ago, I have really tempered my expectations. I am still a huge fan of Scott and have enjoyed a couple of great phone calls with him. Love his willingness to talk to shareholders and participate freely in the Fireside Chats - so I am still of the belief that there are things brewing in the background that will turn this around quickly, but until I see it in black and white I will keep my powder dry.

Lets hope we see some positive news soon for without it the sp is going nowhere imo.

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Anyone who thinks PPSA is at all linked to sovereign risk does not understand what they are talking about.
The 2 are completely unrelated.
There is already an agreement in place to get IVZ to production. PEDPA.
IF the gov don't sign the PPSA then the current agreement in place IS the agreement, with the worlds best fiscal terms.

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