IVZ is always going to announce a discovery...it hasn't happened yet...will it? Maybe as the years go on but as the days go on is starting to look like just a hope. Multiples as the years go on...hold for the long haul because it looks like this is going to be a very long haul indeed. To me there is no real indication or surety that a sample to surface is going to happen this time with M2. now it is next Tuesday and back at the drill head there is a lot of praying going on. For all their care and expertise the shit show continues. They have shown they are onto shite loads of gas and possible oil...get on with it the effort has reaped the rewards. Stuff discovery move to the next phase...get a partner (cheaper farm in) and get this going there is only so much time left as we observe lost opportunities rushing by. More wells get to production somehow. Can you get to production without a discovery? Too mucha Bunyetta. Talk about getting mixed up in a shit fight. Maybe the best option is to cut and run to some extent. At least if IVZ come good at some distant point in time there will be a payoff.
Read positivity into the latest news if you like...it reads like a Noddy and Big Ears adventure to me at this stage. Usually Noddy and Big Ears ended up coming out on top when all was said and done. I think IVZ will be the same but what happens between now and success...a long drawn out series of burps and hiccups before the digestive problems are finally overcome. Trying my best to stay positive here but hey...when is enough enough? I called this latest delay and excuse just before the news broke. I was hoping I would be wrong but SLAM there is was again. It is reading like a saga which slowly unfolds. If they have another 100 million bucks they can continue on for another couple of years...two more years!
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