its all about having the money to develop it. without out it, it...

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Frank7717

534 Posts.

164

01/02/24

01:11

Post #: 72174011
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Originally posted by Wildcat77: ↑

When one reads this Quarterly report IVZ management must be scratching their heads saying what the hell is going on here and why is the price stuck at these levels.

How is it possible that after a quarter that included:

"During the quarter, Invictus declared two material discoveries after recovering a total of 15 downhole gas-condensate samples from both the Upper and Lower Angwa targets from the Mukuyu-2 drilling campaign, with a combined preliminary net pay of 34.9m."

And

"Recent independent analysis from Wood Mackenzie classifies Mukuyu as the 2nd largest discovery made in Sub-Saharan Africa in 2023 behind Shell’s Jonker-1 discovery in the Orange Basin in Namibia."

The mind boggles; particularly when the share price was well over 30c a share during the M1 campaign; yes, there has been some dilution since then but not to the extent to trap the share below 11c when a discovery has been declared.

At the significant risk of quoting Roch, surely the market cap should be well over A$1bn...

Is it the market pricing in significant Sovereign risk?

Management needs to work hard to get the market to appreciate the extent of the asset and the opportunity. One thing I believe we can all agree on is that the market is there to take-up as much product as can be produced.

Or am I missing something here? IMO

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its all about having the money to develop it. without out it, it doesnt matter how much may be in the ground.
Clearly, being 100% reliant on ASX isnt going to cut it.

IVZ Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.2¢		Change -0.003(4.62%)		Mkt cap ! $87.91M

Open	High	Low	Value	Volume
6.7¢	6.7¢	6.1¢	$269.7K	4.305M

Buyers (Bids)

No.	Vol.	Price($)
1	5998	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.3¢	11689	2

View Market Depth

No.	Vol.	Price($)
1	5998	0.062
6	300263	0.061
16	1970075	0.060
5	813558	0.059
2	38188	0.058

Price($)	Vol.	No.
0.063	11689	2
0.065	284129	3
0.066	165000	2
0.067	180926	3
0.068	494634	1

Last trade - 16.10pm 25/06/2024 (20 minute delay)

IVZ (ASX) Chart

its all about having the money to develop it. without out it, it...

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Eurozone-based companies find new ways to secure a regional lithium supply

End of FY is a time to juggle wins, losses and capital gains taxes

Time for retail therapy buying in the shopping Scentre for hot stocks

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its all about having the money to develop it. without out it, it...

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Sun Silver submits US$60M Silver Paste Funding Application to US DoE

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Eurozone-based companies find new ways to secure a regional lithium supply

End of FY is a time to juggle wins, losses and capital gains taxes

Time for retail therapy buying in the shopping Scentre for hot stocks

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