After rewatching the webinar last night Scott made it clear that they only wanted to raise necessary funds at the moment to prevent too much dilution. He implied that further funds will be incoming as needed either through JV or raising at a higher price than 10c in the future based off well test, PPSA etc. As mentioned a JV should involve a percentage of backcosts paid to IVZ. Hold the line. Would much rather see steady increases as we have had the last few weeks than the crazy price volatility seen on news flow in the past few years. IMO most of the perceived sovereign risk of mining in Zimbabwe has been put to rest now with the involvement of Mangwana and Mutapa. PPSA is surely "imminent".
IVZ Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
