Recon Africa Vs IVZ, page-107

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Zkt

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29/06/21

13:11

Post #: 54145016
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Originally posted by keshla1295: ↑

It may be a month or so away yet but I cannot believe why IVZ has not attracted vastly more attention. I am by nature very conservative when it comes to valuations but MY scribblings on the back of bar mats already places the should be current SP value at around 0.50 cents plus as soon as that drill bit bites. IMHO.
Any drilling signs of potentially massive gas or oil and the sky's the limit. Depending on share dilution and many other factors this share could easily hit the $50 plus range within a couple of years.

Every Southern African country is desperately in need of the gas and the oil - right know.
Definite potential to be a life changing event for current investors.

My portfolio in oil comprises RECAF, 88E, IVZ and BRK. Of these the three PROSPECTIVE elephant fields are RECAF, IVZ, and 88E. BRK look to have secured the major backing of EXXON but they are still minnows compared to the other 3.
I believe that David Wall has invested into RECAF and I would surprised if he were not holding shares in IVZ as well. I will look more closely at that soon. He is Chairman of a small Pty company named Inyati which is a name very much associated with the whole area around IVZ territory.

IVZ has the greatest risk/reward potential and can be leveraged much more from the current laughable low SP.
All my DD leads me to have great faith in IVZ management and they have gone about their business in a highly competent and effective manner.

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Agreed Keshla1295, really great analysis. 50 - 80 cents+ appears the logical initial reward. Now loading the bags all in. I can't see any other investments on the market with this risk v reward incoming given all micro and macro econmic factors considered. Let the market come to us this is not a $90 million market capitalization entity based on resource value and any expected PPSA %. Very easy hold now. Big players will come and try the play book imho the holders will be rewarded.

IVZ Price at posting: 16.3¢ Sentiment: Buy Disclosure: Held
11 Upvote

1 Great analysis

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