Ann: Hydrocarbon gas recovered & evaluation program forward plan, page-758

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ferncol

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21/11/23

13:45

Post #: 71019985
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Originally posted by JRIPodcast: ↑

Hotcopper just swallowed a 500 word post and I am absolutely fuming but yes. The next fireside chat is in the works already! Just waiting for daytime in Zim to confirm when with Scott.

Briefly:

13.5 cents is an absurdity. There has never been a better risk:reward value proposition than right now. This market seems prone to fits of histrionics, is underinformed and wildly overreacts. This is frontier drilling at its absolute riskiest. If you wanted safe drilling go invest in Texas.

Fundamentally I trust Scott in a way I trust few other executives. Name one other executive who takes the time for a 2:00 AM retail webinar on the heels of a 20 hour day during what has to be one of the most stressful weeks of his life. He’s intelligent, self-aware, eager, and learns from his mistakes. He will make the discovery happen, and if M-2ST fails somehow, I trust him implicitly to make the changes necessary to ensure success. He demonstrated this greatly after M-1.

What is the biggest risk remaining? Dilution? Are you really going to let yourself be shaken off your horse this close to the finish line because of the risk of 10-20% dilution? Are you going to let low-info punters, FUD troll morons, and a panicky, impatient, white-noise market dictate to you your investment strategy? Don’t let emotions cloud your vision. A 3-4 week delay and it crashes almost 50%? Give me a break. So many people want all the rewards but can’t handle the risks of resource exploration. This is the deep end of the pool. Is this half the value of what it was 2 weeks ago? Is this twice as risky as it was 2 weeks ago? Of course not.

The market may end up efficient in the long run but it sure is inefficient getting there. And that lag time is the only advantage we have against soph vultures. Conviction and patience has never been more powerful of weapons. Let the baying dogs have their day. I trust Scott to make Mukuyu come good, and to learn and adapt and make the decisions along the way to make that happen.

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Thankyou and very well put.
Unfortunately half of these punters know the game and they will pull every means they can muster to pull the s.p down on the back of the mum and dad investors.
You only have to keep reading the repetitive posts to know who the culprits are. First they talking lambos and now they're calling for S.M's head. I say shame on them.
my 2c worth

IVZ Price at posting: 13.5¢ Sentiment: None Disclosure: Held
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