Interesting some of the takes on the quarterly here.For...

Interesting some of the takes on the quarterly here.
For starters, this goes back to the point I made the other day about clarity around spending.
No one can say if the cash position is low or not because we simply don't know how much IF any of the 11 million is forward spend for well test/3D.
My contention is that the company stated they were fully funded for the side track, and IMO, they would have to have been before Exalo or any other co involved would have committed to it, so I'd guess that a fair chunk of that 11 million is forward spend for flow test/3D.

My reasoning is if the co pulled the trigger tomorrow on the flow test it takes a minimum of 3 months for them to mobilise services, end of July at the earliest so they would have to be ordering long leads before now IMO.

It was interesting to read that there were some impediments to investing in Zimbabwe due to the sanctions.

Anyways I'm not too stressed. I think its pretty obvious from the quarterly that there are a plethora of options for IVZ in the pipeline which all seem to be hanging on the PPSA.