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7.3¢ invictus energy ltd

Wow,after reading that i will be selling my shares,corruption...

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Terrortorian

548 Posts.

52

04/07/24

10:48

Post #: 74602633
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Originally posted by Oldelpaso: ↑

https://www.dailymaverick.co.za/article/2024-07-03-zimbabwes-sovereign-wealth-fund-paid-grossly-inflated-1-6bn-for-shares-in-mining-house/

"The Sentry said in a report published on Wednesday that evidence acquired by the Zimbabwean media outletThe NewsHawks, indicated that $1.6-billion in public debt was used by the Mutapa Investment Fund (formerly known as the Sovereign Wealth Fund of Zimbabwe), to purchase shares in Kuvimba, which owns about a dozen gold, lithium, nickel and platinum mines.

"The Sentry’s analysis suggests that Mutapa paid a grossly inflated price for the shares,” it said. The report noted that until recently, the state had owned 65% of Kuvimba and private investors had held 35% of the shares.

But in April,The NewsHawksrevealed that Mutapa had bought out the private investors for $1.6-billion using government debt.

...an amount equivalent to 5% of the nation’s GDP"

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Wow,after reading that i will be selling my shares,corruption everywhere but moreso with those involved with this stock.

IVZ Price at posting: 7.4¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 7.3¢		Change -0.004(5.19%)		Mkt cap ! $110.7M

Open	High	Low	Value	Volume
7.7¢	7.7¢	7.2¢	$49.61K	677.5K

Buyers (Bids)

No.	Vol.	Price($)
2	17700	7.2¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	38000	2

View Market Depth

No.	Vol.	Price($)
2	17700	0.072
1	1350	0.071
3	294942	0.070
1	14492	0.069
6	849117	0.068

Price($)	Vol.	No.
0.075	38000	2
0.076	498422	2
0.077	125600	3
0.078	115267	1
0.080	79368	3

Last trade - 15.56pm 01/10/2024 (20 minute delay)

IVZ (ASX) Chart

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