aim, in the current market there's a reasonable chance a farm-in deal isn't reached or at the very least is significantly delayed IMO. Large E&P companies are having to tighten the belt to get through the storm ahead and unfortunately the first thing to go is exploration funding. There'll be some great opportunities across the market to pick up mid-large company shares at decent discounts but it's gonna be really tough in the micro cap space. Good thing IVZ have enough cash to last a while, there's plenty of juniors who ain't going to survive the downturn. IMO.
IVZ Price at posting:
1.3¢ Sentiment: None Disclosure: Held
