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1.61%

6.3¢ invictus energy ltd

Ann: Hydrocarbon gas recovered & evaluation program forward plan, page-513

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Mawfish

274 Posts.

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20/11/23

18:20

Post #: 71003759
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Originally posted by Shnoush: ↑

Surprised by this bullishness. I was as upbeat as anyone but sold 20% of my holding last week and another ~ third today. While they may have more knowledge about the geology, the issues experienced to date don't make me believe that that increased knowledge moves the chance of success from historically 0 to 90% moving forward. Another explanation for why they are doing a sidetrack might be what choice do they really have? If they said they were giving up on a sample and were going to (have to raise money to) flow test, they'd probably be doing so at somewhere around 8c (just a guess). Alternatively if they do the sidetrack and fail again and decide to flow test the cap raise would probably only be at a slightly lower number than that. So, limited downside to what now seems (to me, admittedly only intuitively) a bit of a throw at the stumps. My remaining holding hopes I'm wrong.

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It sounded like they had concerns about putting the liner in the current hole given its degradation. They pretty much had to sidetrack to enable future flow testing.

IVZ Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.3¢		Change 0.001(1.61%)		Mkt cap ! $95.53M

Open	High	Low	Value	Volume
6.1¢	6.5¢	6.1¢	$74.69K	1.193M

Buyers (Bids)

No.	Vol.	Price($)
4	242507	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	15000	1

View Market Depth

No.	Vol.	Price($)
3	225507	0.061
8	775451	0.060
5	321440	0.059
6	421058	0.058
2	333157	0.057

Price($)	Vol.	No.
0.065	15000	1
0.066	122878	3
0.067	44775	1
0.068	100000	3
0.070	31648	2

Last trade - 15.53pm 15/11/2024 (20 minute delay)

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