IVZ
Asset is worth more than 10mil, excluding cash on hand. Market cap 7mill, lol. Solid management team here. Can see this multi-bagging when news comes given what they're doing with the Zimbawbean government.
"During the past few weeks, the Company has made presentations and held meetings with numerous Zimbabwe Government Ministries and stakeholders including the Minister of Mines and Mining Development, Minister of Energy and Power Development. "
" The Company and its attorneys have been working closely with the legal representatives from the Ministry of Mines and Mining
Development and Ministry of Energy and Power Development on the PSA over the last several months. A press conference was held following the meeting with the Minister of Mines and Mining Development on 11 March to discuss the project developments. The execution of the PSA is expected to be concluded in the near term and will provide a stable and transparent legal and fiscal framework for the exploration and production of oil and gas in Zimbabwe. "
"The Company provided the Chiefs with an overview and update of the project and the upcoming on the ground activity that will commence following the approval of the Environmental Impact Assessment which is expected to be approved shortly. The Chiefs have expressed their support for the project and will be hosting a Cultural Ceremony to welcome the Company to the community and bless the project for the upcoming exploration programme."
Some solid buying today, insiders may be loading up prior to news!
DYOR
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