IVZ

1.49%

6.8¢ invictus energy ltd

Ann: Trading Halt, page-791

First 791 Last

Share
Profile

Follow
Brentb

1,374 Posts.

677

24/12/23

13:34

Post #: 71610044
Share

Originally posted by Rustybullet1: ↑

This $25 million CR (SI portion oversubscribed as some say) will provide funds for 3D and flow testing.
I will be participating 100% for as much as possible.
The fact that SM has managed for existing SH get a larger piece of the pie in this CR shows he has respect for his shareholders…. It’s otherwise easier to simply raise it all from Soph’s/PAC.
With the 10/15M split - we can blame retail for 60% of the SP manipulation over the next months.

IMO - There likely will be another subsequent CR for the next drill Mukuyu-3.
I cant see the company having enough of the data processed/ready in time for the thirst of a drill announcement.
3D data on the basin wont be processed in time to be able to declare 2C resource.
We might be lucky enough to have MK2 sidewall cores analysis back in time for Q2 ?

We are very much resting on flow rates being the catalyst for the company to progress.
Commercial flow rates could trigger investment/credit from offtake partners… all this (paper)work will have to be put in place now / over the next few months for the cashflow to be seamless and not a need for another CR post flow MK2ST/LA….otherwise we will be sitting in “the doldrums” for several months - we will likely still have a good chunk of money in the bank (maybe 8-10M) but wont be able to do anything meaningful with it… cant commit to a drill without the necessary funding….
(Is there a chance we oversubscribe - take more $$ now and drill the shallower/slightly cheaper basin margin play? )

EarlyQ4 of 2024 will be the ultimate milestone test to see where/how this company is progressing….. would be nice if we were drilling using finance other than our own.

In the interim - I see this company value as a very safe bet at -$200M market cap for 80% of an elephant GAS field so will continue to invest.
And for those who want to see a sample jar full of condensate ….here’s a tip - its NOT BLACK and DOESN’T look much like OIL.

Expand

From what I believe is that Tatanga could our investment partner with us having a line of credit.
I think that the partnership will be signed off after flow testing??

IVZ Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

There are more pages in this discussion • 80 more messages in this thread...

First 791 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 6.8¢		Change 0.001(1.49%)		Mkt cap ! $96.41M

Open	High	Low	Value	Volume
6.7¢	6.9¢	6.7¢	$34.82K	512.0K

Buyers (Bids)

No.	Vol.	Price($)
2	150899	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	131225	1

View Market Depth

No.	Vol.	Price($)
2	150899	0.068
1	150000	0.067
6	376496	0.066
5	893384	0.065
1	100999	0.064

Price($)	Vol.	No.
0.069	131225	1
0.070	494994	5
0.071	370417	2
0.072	550000	2
0.073	460000	3

Last trade - 16.10pm 12/07/2024 (20 minute delay)

IVZ (ASX) Chart

Ann: Trading Halt, page-791

Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nimy to raise $1.21M to explore 'newsy' WA targets

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Trading Halt, page-791

Top Stories

Immutep reports strong response rate from immunotherapies treating carcinomas

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Nimy to raise $1.21M to explore 'newsy' WA targets

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Bitcoin investors need to know the risks

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News