With due respect, Exploration don't spend $100M dollars to drill 3 to 4km, and NOT present the results of porosity and permeability - after all, that is the primary reason for drilling 3 to 4km; these are basic results all Exploration company should provide, if they want to enhance their share price (mkt value of the company).
And its the results the market is waiting for. These are results investors are waiting for.
Its the very reason for spending $100M for those 2 holes.
As to concern of Intellectual property - well, the company have the lease, so nobody can obtain the lease without doing a takeover of the company.
The company took wireline logs and cores in the holes. Well, the market waiting for the summary of these results.
IF its good (as have been postulated), then the SP of the company increases, allowing the company to raise CR without massive dilution'; and it also attract potential JV partners.
IVZ Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held
(20min delay)
