A country's sovereign wealth fund, MIF, didn't invest in Invictus without the professional informed basis and foresight of a return of investment.
It was a way that the country ensures that an asset like this is not completely foreign owned.
In logical view, it rubber stamped and guaranteed progress but unfortunately not the timeline.
Invictus is highlighted by government ministers in parliament and setting up an all-important precedent of what the Zim gov guidelines and expectations will be for all exploration companies from that day forward. (apologies for repeating the obvious)
So, it will happen straight from the horse's mouth.
Watching
@Friday Drinks_Zfn Capital on 'Youtube', a cross section of topics in Zimbabwe, I cannot imagine the toing and froing going on before both agreements are finalised and how difficult it would be in the mentality Zim ministers have of doing business. They cannot get it wrong, it has to be beneficial but also not discourage investment, if anything it should be more on the encouraging side not to deter business.
The 'value add policy' will be to ensure the more you get out of it the more Zim gets out of it.
Reality is Zim gov cannot afford not to open the gates for investment, MIF strategically invested in IVZ, and the gov are reliant of reducing their economic debt by allowing their resources to be tapped in to. I am also sure there is a lot of daily pressure on the gov to better peoples living standards.
SM yes has a lot to answer for with previous decisions and timelines, but he would not have held a gun to MIF's head or pulled magic tricks to encourage MIF to invest. MIF saw this as an opportunity.
This is all unfortunately in Zimbabwe official pace and unfortunately the agreement is based on Invictus as the pioneer to bring it to action.
No one can clearly determine drilling outcomes or put a real value on resource as yet, (all speculation) testing has not allowed but why are we still here?
We are here simply because of the potential and throwing our money at something that we feel has a better than average chance of success.
We are all gamblers.
Cheers to living dangerously.
It would also be logical to assume exploration permits will be possibly renewed based on, once the precedent of the PPSA agreement is finalised.
We will see soon enough.
For me the defining time will be when SM has to present at African Energy Week September 29-October 3.
A time when we should be made privy to partnerships and definite forward strategy.
The ball should be well and truly signed, sealed and rolling by then for Musuma at least.
Hope you all are enjoying your weekend.
