IVZ 1.61% 6.3¢ invictus energy ltd

Whoops, my post was supposed to quote Blueballs. The idea was...

  1. 79 Posts.
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    Whoops, my post was supposed to quote Blueballs. The idea was that I don't see us having particular difficulty getting funding to continue regardless of the outcome here.

    In contrast, Mukuyu being completely unsuccessful would IMO be a company killer because confidence in management would be irreperably lost (I'm not talking about the geology). This drill might not be commercially viable but I would fully expect some level of success based on the indications/actions of the company with this well to date.

    I'll be pulling my remaining money out if the eventual announcement on mukuyu reads "great news everyone, we successfully reached total depth, it's tempting to keep going to try to find something but we have another site to focus on!", as the only thing that makes the risk acceptable to me is how straight this is being played by management with regards to shareholders. I'm also betting that I'm not the only one with this view. As a result if they find nothing and it turns out that they've pissed away the whole 26m or whatever was on the balance sheet on an elaborate ruse, we might as well pack up and go home.
 
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