IVZ

1.45%

7.0¢ invictus energy ltd

Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-177

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09/04/22

17:20

Post #: 60759965
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Originally posted by 7seven7: ↑

Don't really want to discuss other stocks too much in this thread but to answer your question, it's the other one in my signature. I sold off MAY to add to what I took in the recent raise for AAU - am now comfortably in the T20. It's not an oil and gas play but it's one with a top tier management team that I am happy to watch play out for 3-5 years.

Yeah this is what I think is ideal.... if we raise the $30M odd ourselves but have $10-15M to a new cornerstone investor. Be it Cluff, our UAE mystery friends or some other entity. And the other $15-$20M can be raised through existing holders or sophs/insto. This way we take some dilution for shareholders now (20% odd based on a raise at 20c) but don't lose any % ownership of the project - saving any farm-out for if we are successful with the 2 well program and are valued in the high hundreds of millions or even in to the billions.

The alternative is to farm-out 25-30% to Cluff or another party now... but you'd want at least 100% of the $30M costs covered in this case for it to be competitive with a cap raise for shareholder value.... Otherwise if for example Cluff contribute $20M for 25%.... we still need to raise another $10M so we as shareholders get diluted at the project level and again at the company level.

In the end and as much as I am not a fan, I think IVZ will go with a slightly improved offer from Cluff. At least if this happens we are secured for funding and the SP can start to run in to the drill.

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You are a fan of going it alone?

You must be new to markets. There is no other explanation.

Are proponents of going it alone insane?

IVZ Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.0¢		Change 0.001(1.45%)		Mkt cap ! $106.1M

Open	High	Low	Value	Volume
6.8¢	7.0¢	6.7¢	$120.7K	1.742M

Buyers (Bids)

No.	Vol.	Price($)
1	20000	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	341028	4

View Market Depth

No.	Vol.	Price($)
1	20000	0.069
3	362283	0.068
3	162045	0.067
3	162766	0.066
5	573935	0.065

Price($)	Vol.	No.
0.070	341028	4
0.071	1064037	10
0.072	897000	7
0.073	1015999	5
0.074	42618	1

Last trade - 16.10pm 13/09/2024 (20 minute delay)

IVZ (ASX) Chart

Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-177

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Vulcan appoints investment bank and M&A veteran to board

Utah authorities sign off on Anson's lithium extraction plans at Green River

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

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Buyers (Bids)

Sellers (Offers)

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Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-177

Top Stories

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Vulcan appoints investment bank and M&A veteran to board

Utah authorities sign off on Anson's lithium extraction plans at Green River

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News