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thecone

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10/11/23

23:14

Post #: 70842148
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Originally posted by WatfordLad ↑

So will 22.5c be our platform pre-discovery?

I feel we that we will be in a trading halt pre-open Monday with results published pre-open Wed.
Bit disappointed with the price - ideally, it would have been great to have been north of 30c at launch off, but the CR put paid to that...once again.
'IF' we do declare a discovery early next week I am going to be honest and declare that I cannot see the sp getting much north of 45-50 cents.
Instead of experiencing a meteoric rise, I believe it will be a slow burn north. With many dips on the way as punters take profits/free carry.

After declaration I expect these catalysts (In no particular order) to push the price upwards;

1. Pomp and ceremony with El Presidento, along with a steamy firewalk from the witch doctor! Wake up world & take a look at our elephant!
2. Sidewall core figures and all data gathered through the drilling of MK1&2 released.
3. Seismic results from recent venture released.
4. Webinar (Possibly directly after declaration and also upon release of 2 & 3) Along with Fireside Chats with Q&A - Thanks Matt!
5. PPSA signed - funny how quick this will occur once a discovery is announced! Will pave the way for large companies, super funds etc to invest.
6. Preparation for flow testing and commencement, hopefully as early as April '24?
7. Drill pad at Baobab dusted off, or new drill pad at site yet to be decided upon, but highlighting the enormity of our valley.
8. Upon some global recognition, the OTC will wake up and we will finally see the 'significant North American' interest!
9. Farm In partner announced - and maybe quicker than anticipated and that may move the flow testing along a little earlier.
10. Commencement of monetisation of the project throughout 2024.
11. African bank funding quite quickly
12. Take over? (Possibly in 2025 after two or more exploratory wells?)
13. Carbon Offset news.
14. Decision re Helium?
15. Results from continuation of drilling to ascertain depth of Lower Angwa.

This was just a quickly compiled list and I am sure I missed many more? Do not attack me!
What I am trying to convey though, is that although at this stage there is no more drilling action until Q2, once the MK2 well drilling is completed, there is so much happening and it certainly will not be dull. I believe all 15 events above are catalysts to nudge the sp higher.

So from 22.5c at declaration. (Lets not consider the alternative!)
45 -50c post declaration - end of next week.

HOWEVER - simply a few of the abovementioned events occur in a seamless and timely manner and in my opinion, it will not be very long before we are dusting off our best pluggers for the $1 bash!

Where this could end up if the next few drills and seismic unleash a monster.... NFI....but it could be mind-blowing.

Very interested to hear other thoughts on where we will be placed upon a successful discovery?

Many thanks to Kiwi, 7, Petere, VOGC, Portiss and many many others for their valuable insights over last year or so, .... and an even bigger thank you to whoever invented the 'IGNORE' button!

Please do not take anything I say as gospel - it is merely an untrained view on how it 'may' proceed.

GLTAH.

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Forgot cap raise...?

IVZ Price at posting: 22.5¢ Sentiment: None Disclosure: Held
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Last 6.3¢		Change 0.003(5.00%)		Mkt cap ! $95.53M

Open	High	Low	Value	Volume
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