IVZ 1.47% 6.7¢ invictus energy ltd

The words are saying a farm in is still on the table but the...

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    The words are saying a farm in is still on the table but the actions say otherwise.
    - Aztec Drilling appointed to PM the drill
    - Tender out for rig contractor, to be announced soon
    - Long leads ordered and money already there to pay for them

    Based on SP today and usual discount we could CR 150m shares at 0.12 for $18m and cover the 2 wells. The only question is who gets the CR? Hopefully not the usual suspects who sell for their 20% straight after.
    Last edited by onthepunt: 19/11/21
 
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