IVZ 0.00% 6.8¢ invictus energy ltd

Ann: Share Purchase Plan Oversubscribed, page-233

  1. 6,745 Posts.
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    It is 11 to 12 weeks from now to spud date with the new estimates...and you can most likely add several weeks to this estimate. with a 7 or 8 week drill time does this take us into the wet season while M2 is being drilled? 11 or 12 weeks Roch2027 not 6 or 7 weeks as you keep posting...double your timing. Looks like mid Oct by the time they are at depth with M2...cutting it fine and cancelling out possible second hole before wet season this year. Now for the next 5 months and the long night of the soul...hunker down and hope!
    If things go awry with M2 where does that leave IVZ short and medium term? Does Zim Gov't get pissed off and make their journey complicated? CR would be difficult one would assume. May find themselves at the mercy of any potential farm in partners plus the vultures would be circling. Is M2 therefore an all or nothing go? In other words if M2 i not so porky or has issues then where do we see IVZ at that stage? Just asking...not trying to spread a negative. We know the upside but the other side of the coin?
 
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