Ann: Hydrocarbon Samples from Mukuyu-2 Discovery at Laboratory, page-341

i agree with you they currently have enough funds to complete flow test but SM thought he could get away with raising more cash for another well right now without relying on the results of the flow test but looks like he has thought wrong and tanked the share price in doing so. There is no way they are going to get another 15mil at 13c if the share price remains under 10c and no there are no dark entities suppressing the share price. Most logical answer is the market has had enough of their cap raise antics raising too much in the space of a year which can happen to any company on the asx if they raise half their market cap in the space of 12 months.


Now they drag the rights issue out another 3 weeks looking more desperate for this additional cash. Market is now is fearful of IVZs raises in that they could even attempt it again before flow test results if there is some sort of recovery in share price.