Recon Africa Vs IVZ, page-50

First 50 Last

Share
Profile

Follow
bratty

1,757 Posts.

501

24/06/21

14:49

Post #: 54045507
Share

Originally posted by Davy Boy: ↑

Clearly I have no idea and management have been keeping the cards close to the chest.
My understanding is though that the 8 million CR put the wind up the farm in partner and there was a lot more interest from other parties.
Our current MC and the fact that the cr was oversubscribed by 4x in 3 hours suggest to me that raising another 15-20 million would not be too difficult given we should have about 10 million - seismic in the bank atm with option conversions.
Farmin would now suggest, given we are doing the seismic, that IVZ are going to screw every last cent from any potential partner.
Go it alone well it is IMO making more and more sense strictly from an IVZ shareholder perspective but as I posted this morning the government will want this on the track pronto.
A go it alone will IMO se selling pressure because the big end will want it as low as possible so they can fill their boots when the CR hits.....but if we make a discovery IVZ will do a similar thing to Recon.
A farm in to the right partner with a good deal would see our sp double easily I believe but the pay off will be less but could bring more certainty around funding development ect.......lots of questions/opinions all of which will probably be wrong...lol.

Expand

I would have thought to do the cr with a rights issue would stop any selling pressure. It would more likely encourage buying to partake in a discount and some of those free oppies that will be on offer.

With the meeting out of the way on the 8th and capacity to raise cleared, I half expect a PSA to be signed soon after allowing the sp to run up to rights issue. I think a big announcement to go it alone for now can create a lot of value here.

Last edited by bratty: 24/06/21

IVZ Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

1 Great analysis

Reply

Top Stories

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

What's causing the cost-of-living crisis, and how to navigate it