It's a good lesson for all investors about trusting instincts when investing. The question was asked a fair few times leading up to us going drilling and was always batted away by some on here and SM more specifically as a bit of a non-issue as they had the PEPDA which would cover them for the initial discovery and possibly into production if the Zim govt didn't pull their finger out. It's now interesting to see that the rhetoric has finally changed and it's now being acknowledged that this is probably the biggest handbrake (Assuming commercial flowrates) that is going to prevent us from bringing on a partner to ramp this up into production.
Hindsight is 20/20...just some food for thought on next investments.
IVZ Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
