When you carry out a CR and have people banging on your door to get in on it you would know the tide was turning in your favour. Then another Co drill a similar geological structure albeit it at shallower depths and achieve what you hope to achieve. This gave IVZ a bit more bargaining power imo. The potential farm in partner would no doubt have still wanted +60% of the project. Biggest shareholder is Scott, he won't be screwing himself over. Headwinds for IVZ if markets roll over and funding becomes difficult, so there is risk there, however from a ST perspective sp will take a small hit maybe, LT I think shareholders will reap the rewards.
IVZ Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
