IVZ was never going to discover anything as time went on but who cares about IVZ because MAY facts are below:
1. Appraisal process begins in few weeks
2. 90 percent geological success rate
3. oil discovery already called and spilling to surface
4. Conservative 388 million barrels of oil over 3 zones and could be significantly larger
5. largest appraisal in more than a decade
6. Appraisal of the same well from 12 months ago but got delayed due to well pressure issues. Now new designed well to deal with the pressure
7. all permits given to drill and produce straight after appraisal
240 million market cap and 40 million cash. Significantly undervalued and fair value right now peer to peer and is 15-20 cents with upside of 50 cents come appraisal in coming weeks. This will keep rerating
General discussion, page-399
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Last
4.1¢ |
Change
-0.002(4.65%) |
Mkt cap ! $138.1M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.1¢ | $184.4K | 4.395M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 946604 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 250000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MAY (ASX) Chart |