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2.60%

7.5¢ invictus energy ltd

Sovereign Wealth Fund of Zimbabwe (Mutapa Investment Fund, page-46

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Vinny99

176 Posts.

36

19/03/24

13:17

Post #: 72959655
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Originally posted by ChilenoInvested: ↑

RS,

You stated:

"The company probably shouldn’t spend another cent until the PSA is inked. They should’ve never even spud MK1 without it. It’s rule #1 of frontier resource exploration in developing countries"If that was the case, IVZ would not have made the discoveries and proven the project........ How would they negotiate anything, they would have just lost the lease......... Now, it is all over the World Media and we certainly have strength in our negotiations.

Unfortunately, many are now just playing with the SP trying to get in...... I am sure, there is much going on behind the scenes.

Expand

Yes, I think a tremendous amount is going on behind the scenes. The PPSA & JV deals are probably already close to being finalised in principle. If you look at the amount of media articles in Zim and other regional / global publications there's a lot of excitement around this project. Hopefully once this is sorted, the 3D seismic and flow test will be key.

IVZ Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.5¢		Change -0.002(2.60%)		Mkt cap ! $112.2M

Open	High	Low	Value	Volume
7.5¢	7.5¢	7.4¢	$52.02K	694.9K

Buyers (Bids)

No.	Vol.	Price($)
2	104801	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	79647	2

View Market Depth

No.	Vol.	Price($)
2	104801	0.074
2	32534	0.073
3	84432	0.072
4	119050	0.071
4	383942	0.070

Price($)	Vol.	No.
0.076	79647	2
0.077	234840	3
0.078	254968	4
0.080	253368	6
0.081	14464	1

Last trade - 10.56am 07/10/2024 (20 minute delay)

IVZ (ASX) Chart