I am laughing at posters wondering if from here, IVZ sp will start to move north..... So much news flow still to come, remember we where above 30c before MK-1 (a wild cat drill).
I see each and every new coming out, between now and spud date as a positive..... Only worry is, if they farm out some of the license before spudding, then again it depends on terms. I may be wrong, but looking at the decision made by the company so far, their intention (if they farm out) is to do it after MK-2 oil discovery announcement. It only make sense, IVZ wants to get the best deal out of farm out its license, and a new company farming in would like to make sure they are buying in to a proved deposit, for the mid/long term development. Likely to be a big company with deep pockets.
On sp sentiments are starting to go in the right direction, at current low sp all the sellers are out. I am guessing we can get to 25/30c quite quickly from here and given the coming news flow. Then some profit taking will start but given that MK-2 drill is very much de-risked (more so with coming final core analyses data) I suspect many will like to stay on board for the drill. Remember the 2 new Directors have the majority of options between 50c and 70c, meaning that an oil discovery is definitely coming.
IVZ Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
