IVZ 4.05% 7.1¢ invictus energy ltd

Ann: Investor Presentation, page-87

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  1. 1,266 Posts.
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    They would have to guarantee against assets of the company, which in the current climate could be onerous for a company with no income adding the additional liability of making interest payments,

    Was suggesting a small raise on a rerate not at the current price, We still have ~$12m of cash as per last quarterly, Mukuyu 1 costed $16m so should be in the vicinity if not less. Say we raised $11m @ 0.22cents that would be an additional 50m of shares. with no accompanying options. Us retail could easily fullfill that if we are given a chance early rather than leave it till late.

 
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