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6.1¢ invictus energy ltd

IVZ Share Price, page-20654

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1,098 Posts.

1625

11/05/24

17:36

Post #: 73779341
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Originally posted by Davy Boy: ↑

There was no issue with the side track I'm aware of.
I am just pointing out the black and white where SM said side track was fully funded.
Both can't be right, IF, you believe the cash spend last Q is completely down to MK2 + ST drill then SM either lied at the time about side track funding OR they have some forward spend in the last quarterly.
I agree now is not the ideal time to do a deal but something has to give on the funding front.
The argument then becomes what is best for shareholders?
I certainly haven't given up hope they get the rights issue extra over the line at 13c. No way anyone could buy 13.5 million$ worth on market. The sp would be mid 20's in no time at least IMO.

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my belief was that Zimbabwean investment firms were eyeing the shortfall of the 13c rights issue. Could imagine it would be difficult for them to accumulate the stock and so this presents an enticing opportunity. There was roughly 12m shortfall correct?

I would have thought that it would be easy to raise from them than it seems. Execute it quickly and start ordering long-lead and begin 3D seismic while the other financing options get further appraised

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 ! $86.49M

Open	High	Low	Value	Volume
6.2¢	6.2¢	6.0¢	$341.6K	5.633M

Buyers (Bids)

No.	Vol.	Price($)
2	511052	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.2¢	1600	1

View Market Depth

No.	Vol.	Price($)
1	79000	0.068
2	511052	0.061
6	402713	0.060
4	868474	0.059
4	240601	0.058

Price($)	Vol.	No.
0.062	1600	1
0.063	18710	2
0.064	922727	5
0.065	772129	6
0.066	965000	3

Last trade - 16.10pm 26/06/2024 (20 minute delay)

IVZ (ASX) Chart