Anyway, I stumbled on a post by the Zim treasury from their National Development Strategy handle on X. This is not some random poster. Or could it be an over-zealous social media handle manager? They appear to be drawing the Chinese embassy's attention to proceedings at M2. Even one of the locals questioned why the embassy was tagged. I'm inclined to think discussions may already have taken place regarding this project or the Zim govt is nudging the Chinese govt to take a look at the project. The former is more likely imo.
Personally, I prefer IVZ management drive up sentiment in this stock before talk of any TO but I don't know how close one is now. Ideally, it should be post flow testing of M2. So farm out after discovery, then flow test, drill a well in basin margin play, followed by a TO. Again nothing is guranteed in my opinion but it looks promising. Sentiment appears low at the moment but I'm hoping they can manage sentiments going forward. If a TO is indeed in the offing, it will be my first experience ever on the ASX and I hope IVZ plays the game well. At this stage, I'm just hoping results are favourable and reflects in market sentiments. A discovery is not guaranteed though but I stay cautiously optimistic.
https://x.com/ZimGvt_NDS1/status/1708031385552793712?s=20
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