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4.84%

6.5¢ invictus energy ltd

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srood

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13/03/24

19:10

Post #: 72870222
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Originally posted by Cosmoterios: ↑

Don't forget they have to pay for the Exalo Rig which they had signed an extension for 2 years, only last Dec 2023.

Its now March 2024, so 3 months of leasing fees plus skeleton crew on the site.

The Rig would be charged on a daily rate (probably discounted given its a 2 year extension).

Even at idle, the Rig would be burning through cash. And then you have to include security personnel to protect the site.

If they don't find new investors, JV partner or sale, soon (within 3 months), they will need to raise again at maybe 5 cents or less.

If he pulls this off, he will be a hero. If not, shareholders will be diluted into oblivion - just to pay leasing of the Rig for 2 years.

Here is the Rig on site

https://www.exalodrilling.com/news/s/extension-of-cooperation-with-invictus-energy-in-zimbabwe

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This was the comedic relief character as mentioned earlier.
On ignore....

IVZ Price at posting: 9.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.5¢		Change 0.003(4.84%)		Mkt cap ! $90.74M

Open	High	Low	Value	Volume
6.4¢	6.5¢	6.4¢	$124.5K	1.939M

Buyers (Bids)

No.	Vol.	Price($)
1	1115638	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	666474	6

View Market Depth

No.	Vol.	Price($)
1	1115638	0.064
1	50000	0.063
2	30094	0.062
2	127863	0.061
4	545800	0.060

Price($)	Vol.	No.
0.065	696448	10
0.066	200000	1
0.067	237418	6
0.068	213938	2
0.069	118997	4

Last trade - 10.52am 18/06/2024 (20 minute delay)


Last 6.5¢			Change 0.003 ( 6.56 %)
Open	High		Low	Volume
6.4¢	6.5¢		6.4¢	570070
Last updated 11.03am 18/06/2024 ?

IVZ (ASX) Chart

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