IVZ 10.7% 6.2¢ invictus energy ltd

Sovereign Wealth Fund of Zimbabwe (Mutapa Investment Fund, page-6

  1. 16,139 Posts.
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    Sounds very much like the SWF will be in a JV with IVZ in the future.
    Makes a whole lot of sense from their perspective and kills off IVZ need for capital for a couple of years or more.
    I think it would be a win for the company.
    We get to keep operatorship and drive the commercialisation at speed.
    The greatest risk to the Gov is if a major got a share in Mukuyu.
    They would take years and years to get it to production. This way IVZ is nimble enough and has proved it can get drilling done to get $$$ rolling in asap.

    Any deal like the above will see IVZ re rate IMO. Funding is the issue and that could disappear in one announcement.
 
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