IVZ 3.70% 7.8¢ invictus energy ltd

JRI Fireside chat with Scott Macmillan Tues. Nov 28 @ 9:00 Perth/12:00 Sydney, page-150

  1. 727 Posts.
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    Thanks for sharing. While I somewhat sympathise with his position this comes across as a palm off. I don’t think anyone wants every announcement to cater to every shareholder but as the people funding the drill we do expect more visibility on what is going on.

    When they announced differential sticking they chose not to disclose that they had damaged one of the sampling tools in the process. They claimed it was a minor delay but it clearly wasn’t minor at all. Holding back that information has nothing to do with being in a frontier basin.

    SM and IVZ currently have a lot of peoples trust in their hands, if they can’t see how that trust is being eroded with each announcement then they risk losing it entirely.

    Then where will they be when no one is willing to soak up all the SI shares from the next CR?
 
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