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1.43%

6.9¢ invictus energy ltd

IVZ Share Price, page-196

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1,729 Posts.

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21/07/21

10:23

Post #: 54652039
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Originally posted by dcob: ↑

When markets come under pressure, it's the companies that are making money which get supported. Sovereign risk of course plays its' part but without revenue, the speculative hot air simply bleeds out in the absence cold hard concrete facts. When there's nothing to pin a particular value on, cash backing acts as a magnet unfortunately. The capital management here looks very good but it ran from 1 cent to well over 20 cents on pure speculation. It currently has a market cap of A$ 84 million but only realistically backed by around A$8 million in cash and that gets spent over a period of time just keeping the lights on.

The rusted on believers will call this down ramping but for those simply wanting a real answer as to why it's now trending down, the above is the cold hard facts of this game. Emotional attachment and averaging down on speculative plays often ruins lives.

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i totally agree with you on the averaging down ("top up") plays, people do not realise how this affects your money management and risk, when someone says they have a $300K in IVZ, i hope they have at least another $5M invested elsewhere

IVZ Price at posting: 14.3¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 6.9¢		Change -0.001(1.43%)		Mkt cap ! $97.83M

Open	High	Low	Value	Volume
6.9¢	7.0¢	6.8¢	$166.9K	2.415M

Buyers (Bids)

No.	Vol.	Price($)
2	48840	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
2	48840	0.069
4	41458	0.068
6	554333	0.067
9	377752	0.066
7	321940	0.065

Price($)	Vol.	No.
0.070	50000	1
0.071	317487	2
0.072	350120	4
0.076	380000	1
0.077	150000	1

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last 7.0¢			Change -0.001 ( 2.49 %)
Open	High		Low	Volume
7.0¢	7.0¢		6.8¢	1066600
Last updated 15.59pm 06/05/2024 ?

IVZ (ASX) Chart

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