Why not explain it that way then? I agree with the logic and having contingencies covered is very favourable vs. running out of money mid-well which would be disastrous. There’s also a real positive here, with the possibility of a post-drill test program being funded.
Many thought the well was fully funded. An explanation per above could go a long way to restoring some of the lost trust. Trust and related patience that will be vital in a success case which could see massive SP appreciation, but not if majority of holders rush to take the first profitable exit….
IVZ Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
