Australia's largest stock trading and investment forum Australia's #1 stock forum

IVZ

Click for more information

4.62%

6.2¢ invictus energy ltd

Frank7717 stated:"There could be Saudi-sized reserves here"This...

First 192 Last

Share
Profile

Follow
BigAl82956

50 Posts.

24

03/02/24

16:37

Post #: 72221370
Share

Originally posted by Frank7717: ↑

yep. It’s ALL about financing, imo. There could be Saudi-sized reserves here, but if INVICTUS can’t come up with the money to develop it, Invictus can’t benefit from it. And it’s going to cost a LOT to just to confirm what’s here, much less the billions to develop it. The sharks know that. So they’ll play their games on ASX raises, buying and selling for quick profits. But the real money will wait to see WHO is actually going to develop this, which means who has the money to do so.
Banks aren’t likely to risk investment in a tiny exploration company. IMO, Invictus needs a major oil and gas company sugar daddy, from a shareholders perspective, to solidify funding and thus let the big money know this WILL be panning out. I get Scott doesn’t want to lose control/ownership, but I also think it’s clear, again from a shareholder’s perspective, that this isn’t going to go anywhere soon on a do-it-yourself basis.

Expand

Frank7717 stated:

"There could be Saudi-sized reserves here"

This seems little more than even a Roch2077 exageration based on a quickl check of OPEC website.

IVZ Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

End of FY is a time to juggle wins, losses and capital gains taxes

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Time for retail therapy buying in the shopping Scentre for hot stocks

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Eurozone-based companies find new ways to secure a regional lithium supply

There are more pages in this discussion • 10 more messages in this thread...

First 192 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 6.2¢		Change -0.003(4.62%)		Mkt cap ! $89.32M

Open	High	Low	Value	Volume
6.7¢	6.7¢	6.1¢	$269.7K	4.305M

Buyers (Bids)

No.	Vol.	Price($)
1	5998	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.3¢	11689	2

View Market Depth

No.	Vol.	Price($)
1	5998	0.062
10	2300263	0.061
16	1970075	0.060
5	813558	0.059
2	38188	0.058

Price($)	Vol.	No.
0.063	11689	2
0.064	100000	1
0.065	284129	3
0.066	215000	3
0.067	180926	3

Last trade - 16.10pm 25/06/2024 (20 minute delay)

IVZ (ASX) Chart