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6.8¢ invictus energy ltd

Ann: Trading Halt, page-28

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Byron

8,635 Posts.

479

23/12/21

09:58

Post #: 58478868
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Originally posted by Catch2200: ↑

It will be interesting to see what kind of CR this is, and for how much.

The timing (after a drop but before any wash through recovery, so while the price is potentially at its lowest point in a cycle, and so close to Christmas, and before seismic results or PSA completion) suggests that it might not be for the full drilling amount?

But then on the other hand, they have a reasonable amount in the bank already so why not wait (if they’re confident in their deal with Cluff gaining traction, and confident in seismic) to have a chance of doing it at a higher price with less dilution later?

Given they’ve indicated there will be a SPP / rights issue to retail (which is slow and might take until late January - one of the reasons I don’t like them) it might be a now-or-never thing?

Or maybe they aren’t as confident in the seismic as hoped, so best to raise while you can especially if they’ve had offers come in?

Or maybe they’ve just had a too-good-to-ignore offer for a private placement?

Anyway, I’m thoroughly intrigued.

Edit: just saw the post above with potential details. Interesting… and confusing.

Expand

All true

Very concerning all the ways has been done. Could have done this when price was at least around 16-17c for awhile there

IVZ Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.8¢		Change 0.001(1.49%)		Mkt cap ! $96.41M

Open	High	Low	Value	Volume
6.7¢	6.9¢	6.7¢	$34.82K	512.0K

Buyers (Bids)

No.	Vol.	Price($)
2	150899	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	131225	1

View Market Depth

No.	Vol.	Price($)
2	150899	0.068
1	150000	0.067
6	376496	0.066
5	893384	0.065
1	100999	0.064

Price($)	Vol.	No.
0.069	131225	1
0.070	494994	5
0.071	370417	2
0.072	550000	2
0.073	460000	3

Last trade - 16.10pm 12/07/2024 (20 minute delay)

IVZ (ASX) Chart