IVZ

2.67%

7.7¢ invictus energy ltd

Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-182

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09/04/22

18:32

Post #: 60760615
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Originally posted by 7seven7: ↑

From the perspective of a shareholder, at this stage (around our current market cap) it is better for us to raise the funds for this program ourselves unless an offer arrives later in April/May that is less dilutive than a raise will be.

If we were still back at a $60M market cap then yes of course, the farm-out makes more sense for shareholders. But fortunately we are exploring at a time with plenty of market froth and easy access to capital... so we should make the most of the timing and go ahead with as little dilution as possible.

If we sign a deal with Cluff, the market will do the math on the deal and value our remaining share of the project accordingly (which as it looks like today, will probably send us back to 15c and then we need to raise another $10M on top of that, diluting us even further). Doing a raise ourselves suggests we are worth more than the Cluff offer, and the markert will value our share of the project accordingly.

For me, the less dilutive option should always be the one taken... and it's extremely rare in the oil & gas exploration space for a junior to even have the option of self-funding rather than farm-out.

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An option to go it alone?

There are no guarantees in Zim. Farm it out on favourable terms and diversify your (IVZ’s) portfolio if other opportunities present themselves.

You are relatively new here, you have made bold claims about yourself, but you aren’t making any sense, imv.

Good luck with yourself.

IVZ Price at posting: 21.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.7¢		Change 0.002(2.67%)		Mkt cap ! $110.9M

Open	High	Low	Value	Volume
7.7¢	7.9¢	7.6¢	$133.5K	1.730M

Buyers (Bids)

No.	Vol.	Price($)
6	274157	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.7¢	328	1

View Market Depth

No.	Vol.	Price($)
4	160566	0.075
1	50000	0.074
1	26000	0.073
3	105482	0.072
5	95890	0.071

Price($)	Vol.	No.
0.077	328	1
0.080	55118	2
0.081	305220	2
0.082	505000	3
0.083	588000	3

Last trade - 16.10pm 09/08/2024 (20 minute delay)

IVZ (ASX) Chart

Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-182

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