New here? Hahaha. My average on IVZ is around 3c and I will be more than free carried in to the drill. But sure, you clearly know me and my situation more than I know myself.Find me another oil explorer with 1 project that has a market cap large enough to fund the intended explo program itself rather than farm-out some working interest. Fortunately, we are not in a position where we have a $30M market cap and want to execute a $80M deep offshore explo well (ie PCL for a long time). It's the opposite here, the 2 well explo cost is only around 20% of IVZs current market cap. IVZ have a rare option to raise the money at likely better than farm-out terms and fund the program.
Even if we farm-out now, it's not like IVZ have another project. The fate of this company rests on 2 high risk explo wells. 1st is a duster and it will tumble, second is a duster and we are finished. Regardless of if the funds are raised for the 2 well program from Cluff or from my back pocket. Finished, back to being a shell waiting for another project to be vended in.
If we had other projects that any farm-in proceeds would help support then it would be a different story as we could fund them by selling off some interest in this one... But it's not the case, all funds from this farm-out will go toward the 2 well explo program..."Farm in and diversify your portfolio".... With what cash? Everything from the farm-out is to be spent on the 2 explo wells.
- Forums
- ASX - By Stock
- IVZ
- Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement
Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-192
-
- There are more pages in this discussion • 79 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IVZ (ASX) to my watchlist
|
|||||
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) ? |
Featured News
IVZ (ASX) Chart |