My thesis on IVZ right now, like some others it seems, is that:
- The medium-long term downside risk here has been very significantly alleviated due to strong evidence of moveable hydrocarbons in large quantities obtained in this (and the last) drill.
- The short term upside potential is large in the likely event of an official discovery announcement from a sample to surface soon. No telling if IVZ will be similar, but other discoveries have resulted in rapid 10x and more appreciations in share prices it seems. I'd feel blessed with way less than that.
So FUD notwithstanding, I feel like this is a better prospect than when I bought in a couple years back (initially at around the same price as today!), and I'm happy to add to my position particularly whenever the market gets fearful reading into apparently relatively small, temporary setbacks (like today).
Could be wrong, and there's always significant risk - but that's how I'm thinking about it.
If anyone has a convincing and well-reasoned thesis that contradicts mine, I'm interested to hear it. The hysterics and name-calling, not so much.
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My thesis on IVZ right now, like some others it seems, is that:-...
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Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $99.25M |
Open | High | Low | Value | Volume |
6.9¢ | 7.0¢ | 6.7¢ | $103.6K | 1.516M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 133333 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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7.0¢ | 755999 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 133333 | 0.068 |
4 | 84573 | 0.067 |
7 | 267752 | 0.066 |
8 | 525447 | 0.065 |
3 | 448890 | 0.064 |
Price($) | Vol. | No. |
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0.070 | 56000 | 1 |
0.072 | 118654 | 2 |
0.074 | 300000 | 1 |
0.075 | 50000 | 1 |
0.076 | 380000 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 03/05/2024 ? |
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