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1.61% 6.3¢ invictus energy ltd

Needs some clarification from the company because it just looks...

  1. butcherano
    1,671 Posts.
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    01/06/23
    21:07
    Post #: 68088131
    Needs some clarification from the company because it just looks like they’re taking the piss.

    The original prospectus stated that $2.1m of the total $20m raised via the Placement and SPP was to be used as General Working Capital. This will cover Q3/Q4 2023 and Q1 2024.

    Now this supplemental prospectus is saying that $2.7m of over-subsciptions will also be used for working capital. For what exactly? We’ve got plenty of time to worry about working capital for 2024 after we drill MK-2.
    IVZ Price at posting: 13.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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