I'd say it very much shows the stubborn nature of the MD. Yeh the rights issue failed deal with it and keep the company moving forward. It should have been flow testing by now. He's had a dummy spit saying we're not going to raise this way from the market even if it costs the company millions on an idle rig. In the end it's probably no chip on his shoulder as he has a 1 percent production royalty no matter what the end IVZ shareprice is as long as he can somehow get it to production even if it burns everyone else.
IVZ Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
