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7.6¢ invictus energy ltd

With all due respect, I don't know why anyone would be expecting...

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bagholder62

785 Posts.

383

02/06/23

14:51

Post #: 68102608
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Originally posted by johnkovacc: ↑

Bull Case - we have a service operator ready to go and needed to raise funds immediately for spud. $30-$35 million in the bank now allows us enough time to spud MK2 and Baobab-1. Going solo prior to farm-in/partner allows for much better terms on our end

Bear Case - PPSA not close at all and farm-in opps were low ball. Core logs didn't show what we were hoping for and company raising cash before SP falls.

My thinking - going solo again gives us a much better long term payoff with dilution less impactful than selling WI%. Two wells, MK2 and Baobab, before we go back to partnering discussions and hopefully there's a discovery announced for Mukuyu and at the least strong results for the basin margin. Would be good for SM to outlay the company's plans now after 3 cap raises and no real new information.

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With all due respect, I don't know why anyone would be expecting Psa to be finalized any time soon.
Scott has been on record atleast 10 times saying it will be out by next week and I'm not even joking.

IVZ Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.6¢		Change 0.002(2.70%)		Mkt cap ! $113.7M

Open	High	Low	Value	Volume
7.6¢	7.6¢	7.5¢	$36.01K	477.0K

Buyers (Bids)

No.	Vol.	Price($)
3	132313	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	30797	1

View Market Depth

No.	Vol.	Price($)
1	100617	0.075
1	130000	0.074
1	20000	0.073
3	84432	0.072
4	119050	0.071

Price($)	Vol.	No.
0.076	30797	1
0.077	129587	4
0.078	265267	2
0.079	120000	1
0.080	94368	4

Last trade - 15.40pm 04/10/2024 (20 minute delay)

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