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1.61%

6.1¢ invictus energy ltd

Agree but PPSA will come shortly with a JV shortly after. Scott...

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Roch2077

10,140 Posts.

1981

11/05/24

15:24

Post #: 73778201
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Originally posted by Gharp: ↑

That's my general thoughts as well they're not purposely being misleading just more their estimates and timeliness are based guesses and not hard facts especially if you don't have the cash. They guessed the market would be happy with the discovery so they could raise the money they needed from it which hasn't turned out so well. In any case there's probably about 6 weeks now left to get the answer if they pull the trigger with raising again on market or not or the ppsa is signed within this timeframe and there is an alternate method otherwise they are just wasting time and money on an idle rig which they should let go if they are going to play the ppsa waiting game with the Zim government. The share price will really collapse if there is no flow test this year hence why I'm guessing the binary outcome of a cap raise or not will come out in the next 6 to 8 weeks.

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Agree but PPSA will come shortly with a JV shortly after. Scott knows the company has the asset but will accelerate this significantly with a partner. If they had 50 million in the bank the market cap will be well north of a billion dollars with runway and discovery already in the bag. Hence why on PPSA previous highs will be tested

IVZ Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.1¢		Change -0.001(1.61%)		Mkt cap ! $87.91M

Open	High	Low	Value	Volume
6.2¢	6.2¢	6.1¢	$36.36K	595.1K

Buyers (Bids)

No.	Vol.	Price($)
1	200000	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.2¢	233763	4

View Market Depth

No.	Vol.	Price($)
1	56320	0.061
15	1849736	0.060
5	820974	0.059
2	38188	0.058
2	105500	0.057

Price($)	Vol.	No.
0.062	327075	5
0.063	131421	4
0.064	125000	1
0.065	294129	4
0.066	165000	2

Last trade - 10.24am 26/06/2024 (20 minute delay)

IVZ (ASX) Chart