IVZ 4.00% 7.2¢ invictus energy ltd

Ann: Mukuyu-2 sidetrack Total Depth reached in Lower Angwa, page-504

  1. 833 Posts.
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    The point is the following;

    Before the company brought a sample to surface many would be concerned with whether this is possible (porosity/perm issues etc.) information withheld /not released to market as well as other factors that would be a concern. Therefore to buy in post discovery at a slightly higher price averaging up would make sense.

    All significant/larger funds are essentially averaging up (from where they would have been tempted to enter (requiring confirmed data to de-risk and pass investment committee) following information flow that de-risks the prospect. That is the point.
 
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