Ann: Invictus Energy Corporate & Operational Update, page-149

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Gharp

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13/03/24

18:40

Post #: 72869831
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Originally posted by srood: ↑

IVZ need to stop issuing alternate announcements by the looks of it! The one I read today quite clearly reflects strategical investment in IVZ now being sort officially, see below. More than likely this will negate the need for CRs and dilution. Potentially support the company basin wide not just well by well. Many on here looking through a very small (whinny) lens.

The report also now very publicly, via the ASX offers progress on PPSA. No doubt aligning with the above mentioned strategic investement.

As for the $1.5m. It's still very much cash in the bank and a hell of a lot LESS dilution than originally planned. With the company now receiving what is clearly enough support and interest, strategic investment is by far the less dilutive and long term means to an end.

At least we've had comedic relief with a few new trolls scaremongering about further CRs.

"Mangwana Capital engaged to lead strategic investment from Zimbabwean institutional investorsFollowing an in-country visit of the full Invictus Board of Directors in late February to meet with stakeholders including Zimbabwe Government officials and potential gas offtakers, the Company has received strong interest from multiple domestic institutional investors with the intent of completing a strategic investment into the Company. Invictus has engaged existing major shareholder Mangwana Capital to coordinate the strategic investment process.
Ben Mbanga, Managing Director of Mangwana Capital commented:“Mangwana Capital is pleased to provide further support to Invictus and off the back of the discovery at Mukuyu there is strong demand from local institutional investors to be a part of an exciting opportunity which will have a significant impact on the country

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You need to look at this stock with no emotion and pure facts. They have around 9 mil left at the end of this quarter and not enough for what they need to do. The strategic investment is going to be a sizeable sum of the next SI raise which would mean the discount should be less with less free options. I don't think the raise will be at 7c but could be at 8.5c with no free options but whatever happens they need to sort this out asap otherwise the market is going to tank pretty quickly

IVZ Price at posting: 9.8¢ Sentiment: Hold Disclosure: Held
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