But the sky isn’t falling. Still lots of options even if we assume M-2 is doomed (which isn’t a fair assumption).
Another side track is an option.
Flow testing M-2 regardless of samples is another option.
This isn’t a Mickey Mouse operation. Scott’s team is highly experienced - with massive additions since the M-1 disappointment - and SLB is world-class. If a fluid sample can get dragged to surface under these conditions, these guys will do it. You can already tell IVZ has learned lessons from M-1 based on the fact they still have another shot at this.
yea you can always swing trade, derisk, reduce your position, but that’s down to the individual investor’s comfort levels and skill sets. Fundamentally, it is as it always is. You either believe Invictus has what it thinks it has or it doesn’t. Bull or bear, long or short.
Yea dilution would absolutely sting, but again - that’s just associated risk of wildcatting in one of the most remote O+G jurisdictions in the world. From my perspective IVZ is doing what it can to achieve a positive result. I would absolutely be frustrated but it still wouldn’t change the geological fundamentals that has everyone so excited here.
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