IVZ
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4.00% 7.2¢ invictus energy ltd

For those complaining about dilution, remember when the best...

  1. barneydigs
    6,358 Posts.
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    09/12/23
    20:37
    Post #: 71365724
    For those complaining about dilution, remember when the best farm-in offer we could get was 33% of the cost for two drills in exchange for 25% of the project? Cluff would have got 25% of the entire project for less than something like $15-$20m. We would be down to to 55% (and ~45% post SWF back in right) and still would have had 2/3 of the dilution that happened.
    IVZ Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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