IVZ 1.49% 6.8¢ invictus energy ltd

Yeah, it continues to blow my mind how much management are...

  1. 614 Posts.
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    Yeah, it continues to blow my mind how much management are talked about here as if they can do no wrong and yet when you look at the facts we are:

    - trading at 4 year lows, 7 months after two discoveries and drill of an upgraded resource
    - heavily diluted from MK-1+2
    - timelines provided but not met for PPSA, flow test, 3D
    - no funding announced

    I know that a lot of these timelines we've been given have been based on funding and PPSA which are tied up with Zim, but the fact that the market hasn't been updated when the timelines passed is really poor form. "Really soon", "imminent" via a webinar doesn't mean anything - we've already heard multiple inconsistencies from management this year. "A few weeks", "coming months" - clearly trying to buy time with shareholders and dangle the carrot while they wait for Zim to move on things.
    Last edited by Oldelpaso: Today, 10:38
 
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