IVZ 4.55% 6.9¢ invictus energy ltd

Seems like CR's should be a thing of the past except for very...

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    Seems like CR's should be a thing of the past except for very specific use cases https://hotcopper.com.au/posts/70553632/single

    Well is very underbudget, and post discovery optionality to use bank financing and progress farm in options. We can also farm in on any of the central fairway targets, Mukuyu itself, the basin margin plays. Lots of ways to carve up the turkey here.

    Scott has experienced hands around him now and a huge amount of shares in the game. I doubt he'll want to go down a CR path again unless we really need funds in a hurry, which we shouldn't if flow testing is mid next year, gives the board time to really sort out longer term financing instead of a quick CR cash grab.
 
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