IVZ 2.27% 8.6¢ invictus energy ltd

I think it’s well beyond that, a voluntary suspension at this...

  1. 9,720 Posts.
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    I think it’s well beyond that, a voluntary suspension at this point would be akin to selling out at the bottom. Most of the damage has been done now and we’re only 3 weeks from EOFY. If they’re gonna sit on their thumbs for the next 6 months I’d at least like the opportunity to be able to keep adding cheap shares as funds become available. My earlier point re. 3D was, IF they have decided to do nothing further and PPSA is months away still, why haven’t they let the rig go and pivoted to doing 3D ie. do something constructive with the funds available. Personally, I think they are still working towards flow testing and the hold up linked to PPSA will only affect the new leases (they will farm out separately?), it’s just that the whole topic of discussion has become so morbidly miserable, which is understandable given the current share price, that shareholders are starting to create fictitious problems and scenarios, to the degree that Gharp would be proud of.
    Last edited by jakspara: 06/06/24
 
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