The delay in finalising the PPSA seems to be due to a mix of regulatory, economic, political, technical, and stakeholder-related factors. Navigating these complexities and getting everyone on the same page is crucial for a sustainable agreement.Involving various stakeholders like local communities, investors, and other interest groups means a lot of consultations and consensus-building. This process takes time but is essential for the project's long-term success.The PPSA also involves detailed negotiations to get both the government and Invictus Energy to agree on terms like profit-sharing, taxation, and operational guidelines. These talks can be lengthy since both sides want to maximise their benefits and protect their interests.It definitely feels like something is brewing in the background. While I don't deal with technical analysis, the fundamentals are looking strong and appear ready for a rerate. Some positive news around funding, flow tests, or the long-awaited PPSA would definitely do the trick.
IVZ Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
