IVZ 1.23% 8.0¢ invictus energy ltd

Ann: Trading Halt, page-186

  1. 636 Posts.
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    Sorry Charlesn and Pilko3
    Have to disagree with comments about lack of news from Scott and IVZ.
    I assume the news we all want to hear are the lates and final core sample analyses.
    IMO Scott has been timing/delaying these info because wanted to finish with CR rounds, knowing that beside how material and de-risking will be these information, pi will sell their shares to benefit from options entitlements etc..
    Scott is doing a bit of sp management, trying to release positive news when the moment is right, I am also convinced that coming core data will be very positive.
    We had a hint of those with latest announcement of Light Oil, Gas Condensate & Helium confirmed in Mukuyu-1.

    On finding a partner to develop Cabora Bassa I doubt Scott will give out IVZ license for free, surely not because a big company has a great marketing department....
    There has been already some interest and talks post MK-1 with other partners, resulting in IVZ rising all the money for MK-2 and going alone...This will maximise IVZ share price and the value of our license, once oil discovery is declared.
    Company directors have interest at 50/70c share price, and I am expecting it will be the level when Scott will start considering farming out.
 
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1 90000 8.0¢
 

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8.1¢ 9272 2
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