IVZ Share Price, page-2973

I was about to say the same, we don't want "traders" on this stock. We want as many "investors" as possible who are willing to hold through to both well drilling results and beyond.

The more traders we have, the less likely we are to have a high market cap pre-results since they'll all be selling out.

I'm not sure you realise how oil and gas explo works.... yes, indeed, if all targets on both wells find nothing but water, then yes, we go to being a shell with a $10M market cap. But that's not how the game works, explo plays are not valued on the assumption of drilling a duster, otherwise no one would ever get funding to drill an explo well.

More or less our market cap pre-drill will usually be = in ground value of a discovery * probability of sucess * sentiment factor = $X.

The idea as a player in this space is to invest at a market cap below $X because if you do it enough and consistently, you make money in the long term. That's how probability and statistics work. It's like a casino, need to have the long term odds in your favour. If you are someone who yolo's in to the latest hype just before drilling and you are paying a premium to $X, you may win short term, you may lose short term, but long term you can only lose.

At today's market cap, you are getting quite a discount to $X. At IVZ share price up around 35c for example, imo the discount to $X starts to get marginal and I'm not a buyer up at that price. Could it go higher than 35c pre-drill? Sure, depends on the market at the time and how much this stock is marketed/pumped to both Australian and overseas investors.

Given the curious timing of your highly valued and intelligent input to the IVZ threads, I feel like you perhaps took a big gamble on PRM/GLV and are a bit salty now after losing your money, thinking now the same will happen with IVZ and it's all just a big scam by the big boys to get your money hahahaha.

You can be an emotional investor and blame the "big boys" / management / whoever / whatever you like. Or you can look at things logincally and play the numbers game, buying at a large disount to $X, and selling at or at a premium to $X.