IVZ 1.35% 7.5¢ invictus energy ltd

IVZ Share Price, page-8273

  1. 226 Posts.
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    Hi,
    I bought oppies today. Based on the assumption that this will be a successful campaign and the make or break news will be flowing next few months (Before July 23) and I will convert. If the campaign is a failure everyone loses, which we all now hope is highly unlikely especially after the Zoom call today with Scott which I was on and was he very bullish (but contained) as noted by Blue Balls
    I had $10k more to invest. This $10k was profit anyway that I made yesterday on a small trade between open and close on IVZ.
    Oppies were 10c and Heads were 27.5c
    If I bought heads I would have bought 36364 shares
    I bought 100,000 IVZO oppies which will cost me $35k to convert.
    Both deals cost $10k plus brokerage.
    I used a spreadsheet with 5c increments.
    Allowing for (SP * Shares -$35,000) vs SP * shares for heads once the SP is above 55c I am in front of heads only.
    E.g. @ Sp = $1 my net profit before tax is $55k vs Heads only $26k

    This is also if the oppies never trade at a premium once the SP is above 35c which would mean even more profit and no conversion if I can sell on market.

    Seemed like a good deal and it gets a lot better from there.
    Eg Sp $2 = $155k vs ~$63k etc etc


 
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