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2.86%

7.2¢ invictus energy ltd

Chinese will probably take IVZ out in the end for other mining...

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Gharp

4,160 Posts.

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10/06/23

13:19

Post #: 68230754
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Originally posted by Auser: ↑

Ah bugger, I better sell my shares then...

As a reminder we are able to use offshore banking and transact in USD as part of the PDA, so while I sympathise with the people of Zimbabwe and the state of their currency, I don't feel it affects my investment.

I don't see Zanu-PF going anywhere anytime soon, and while there are numerous issues with how they stay in power and their version of ''democracy'' our deal is essentially with them as far as I see it and I don't see them leaving power anytime soon.

IVZ have cut the government in every step of the way, government pension funds are invested through one of our board members and the wealth fund has a back in right, we're also finishing up the PSA to increase the government take.

Going over sovereign risk again feels like flogging a dead horse. Unless anyone has some credible information about Zanu potentially being overthrown and replaced imminently?

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Chinese will probably take IVZ out in the end for other mining purposes.

The company, China's top cobalt refiner, said Zimbabwe, like most African countries, lacks renewable power and key materials needed to produce battery-grade lithium, such as natural gas and chemicals, whose importation would be unaffordable.

IVZ Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.2¢		Change 0.002(2.86%)		Mkt cap ! $103.5M

Open	High	Low	Value	Volume
7.0¢	7.4¢	6.9¢	$118.8K	1.672M

Buyers (Bids)

No.	Vol.	Price($)
3	349400	7.1¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	11087	1

View Market Depth

No.	Vol.	Price($)
3	349400	0.071
2	1018000	0.070
5	89515	0.069
4	143437	0.068
3	268625	0.067

Price($)	Vol.	No.
0.072	11087	1
0.073	97900	2
0.074	337064	5
0.075	737400	5
0.076	540227	3

Last trade - 15.34pm 16/07/2024 (20 minute delay)

IVZ (ASX) Chart