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6.7¢ invictus energy ltd

Ann: Fluid sample analysis confirms rich gas-condensate discovery, page-224

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Davy Boy

16,144 Posts.

3752

05/03/24

16:01

Post #: 72754824
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Originally posted by Gharp: ↑

All I'm saying is that is a guess from me to why there could be sticking points in the PPSA that they do not want IVZ to be exporting electricity generation to South Africa when they have a crisis themselves that would be a really bad look on the govenment itself ?

And my point was its still huge risk from here to sell gas and power to downstrean to Zimbabwe users that have no existing infrastructure setup. Anyone telling you this is the same as signing a contract with Alinta energy or Alcoa alumina plant in western australia are pretty delusional ?

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I'm not sure why you think selling power via SAPP is risky?
I'd say its the least risky thing IVZ will ever do and I'd love to see a comparison price between what the 2 you mention pay as apposed to a country with very limited energy options?
As for Zimbabwean companies I'd wager that any contract for power supply will be in USD.
Miners and exporters have been allowed to pay in USD for ages now anyone can.
https://www.businesslive.co.za/bd/world/africa/2020-12-20-zimbabwe-power-utility-zesa-allows-payments-in-us-dollars/

IVZ Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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Last 6.7¢		Change 0.003(4.69%)		Mkt cap ! $94.99M

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