IVZ 1.54% 6.4¢ invictus energy ltd

IVZ Profit Taking, page-140

  1. 9,568 Posts.
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    Looks to be having it's desired affect. Whether that's an accumulation tactic from a large holder or a stifling tactic from a potential farm-in partner knowing that for us to go it alone will require a sp well in the 20-30c range.....EOFY will add further pressure and then there's the cheap options to contend with (any time the sp gets above 17c we'll have more selling to fund conversion). All of this is just noise until drilling commences. Getting into strong buying territory again now IMO.

    The only scenario that i can see a farmin being the right path to take now is if we pick up another decent project ahead of drilling.
 
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