Well, I just saw the interview by Petroleum Econo.2 things. 1....

Well, I just saw the interview by Petroleum Econo.

2 things.

1. SM's statement re the mou is very very bullish. They have a discovery and are moving forward. There is a level of certainty in this without lab results and flow test, they must be excptionally confident to say so publically. Albeit a little cart before the horse.

2. More time frames given re ppsa. Not a good move considering how brutally scrutinising retail is here. Anyway, this very fact indicates they are trying extremely hard at this very point in time to raise money. Much needed.

Feels a very pivotal right now. This has been said before however the issues holding this down have remained so all until this point, unlike tool failures and discoveries.

Get the ppsa signed, demonstrate a solid flow and commercialise this. Whilst the market needs to demonstrate patience it is very impatient. Unfortunately for IVZ, this matters. They now need to move with a little bit of expediency or risk struggling to raise in future. They will need to, and at a much higer price than now.

Not a bad bet to take if you like a gamble. I don't.

imo dyor