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6.5¢ invictus energy ltd

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Nergel

731 Posts.

467

10/05/24

19:23

Post #: 73770727
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Originally posted by Greenocean: ↑

There's no point running 3D, burning through $3-5 million, and leaving yourself no bargaining position, or worse no money to flow test if potential investors decide to play hard ball. We've been down this road too many times to not learn from it surely.

Until other funding is secured it will stay on hold. If other funding is not secured we will flow test before 3D to get a bankable result making things easier to secure funding for ongoing work from that point. 3D, whether run early or not is at least 12 Months for results to come back, so while it is important, there are 13 other prospects we can punch a hole into with purpose and value add without just drilling somewhere to keep the rig working. While not ideal that is the reality of where things sit.

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I was thinking the same thing but if M2 doesn’t flow they don’t have anything to fall back on other than 2D.

They will get funding, they could get $30M now at 5c if they wanted it that bad.

IVZ Price at posting: 7.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 6.5¢		Change 0.001(1.56%)		Mkt cap ! $101.6M

Open	High	Low	Value	Volume
6.4¢	6.7¢	6.4¢	$45.28K	690.8K

Buyers (Bids)

No.	Vol.	Price($)
1	148544	6.5¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	25276	1

View Market Depth

No.	Vol.	Price($)
1	150000	0.065
7	398459	0.064
4	316429	0.063
5	694487	0.062
5	808099	0.061

Price($)	Vol.	No.
0.066	25276	1
0.067	313673	3
0.068	118873	4
0.069	316700	3
0.070	420000	3

Last trade - 11.51am 08/11/2024 (20 minute delay)

IVZ (ASX) Chart