IVZ 1.49% 6.8¢ invictus energy ltd

Ann: Trading Halt, page-142

  1. 133 Posts.
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    Agree mate, a raise in the mid 20c range would have been nice but conversely, VWAP could have been a lot lower given broader market activity so not a bad outcome all told. Also, you try to raise closer to 30c in this market and you maybe fail to get the bids which is a terrible look and weakens their position at farm in negotiating table. Try to do it after a resource estimate upgrade for less dilution and there's one less catalyst to help get the SP up pre-drill and provide a buffer which also deters sophs from bidding. Just the way it is. Stop smashing the bid button so hard as well or you're shouting beers to compensate for scale-back.
 
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