IVZ 4.62% 6.2¢ invictus energy ltd

Ann: Trading Halt, page-677

  1. 995 Posts.
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    Going into tomorrow would say there's a 90% chance we get a discovery announcement and a 10% chance we get a dropped the sampling tool/hole has completely collapsed announcement.

    I can't see any reason why they would've halted for a minor delay or to announce that the first sampling run failed. As we're only at day 16 during the 21-28 day window given by the company there's no need to announce minor delays, let alone halt to announce it.

    Given the company provided the regular Monday announcement as well, something material/significant has happened. At this stage, where we've already had background gas and actually got gas to surface there's nothing that warrants a halt outside of sample from a primary target or something catastrophic like a hole collapse or lost tool.

    Hope for the best!
 
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