IVZ 1.49% 6.8¢ invictus energy ltd

Ann: Mukuyu 1 & Sidetrack Well Results, Rig Secured for 12 months, page-260

  1. 101 Posts.
    lightbulb Created with Sketch. 9
    I don't fully agree here. If they want to CR, then they will want to do that at as high a price as they can. Meaning that they will do all they can to promote 'good news' in the coming weeks/months in order to have a run-up in price into a CR announcement. They could do this with the news that comes from having sent the side core samples off to be evaluated. That could be days/weeks away, but it will come. Then possibly some news about what they will drill next, along with a planned spud date? In my view, that could see the SP recover into the 20s. I bought more today at 14c and now average a tad over 15c.
 
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