IVZ 1.49% 6.8¢ invictus energy ltd

Ann: Trading Halt, page-48

  1. 6,184 Posts.
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    The previous CR said they were now not only well funded for this drilling plus some left over for exploration of other things. That was in June when the CR was done. But anyway, the TH today stated "an update in relation to a CR". Note the "update". Normally an announcement for a CR is not preceded by the word update. Maybe its an update regarding the previous CR. All strangely confusing. If as one poster mentioned there has been an issue regarding breaching their maximum allowable capacity then the word update is understandable. But where does it leave us. Retuen the excess funds from previous raise and do another smaller CR to compensate after getting approval? At least another CTR will be at a somehat better price.
 
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