IVZ 1.61% 6.3¢ invictus energy ltd

The reality of not being able to free carry will spook a lot of...

  1. 603 Posts.
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    The reality of not being able to free carry will spook a lot of holders into selling. It's a massive part of a lot of people's risk management strategies - I do think the CR had a much worse flow-on effect than anybody anticipated but the timing was definitely horrendous, considering most of it was for Baobab funding that isn't drilling for at least a couple of months.

    But then if it was an urgent raise to cover more Mukuyu costs, don't tell shareholders that we are fully funded for it when we aren't.

    I had always planned on holding through the drill but the 14 day risk now is so much higher than it was before spud and CR, so I can understand the downward pressure when combined with share churning as well.

    We better hit some god damn gas
    Last edited by Oldelpaso: 27/09/22
 
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