The big market or potential future market Scott was touting was the gas-to-power market. In South Africa the electricity prices are set to increase by over 30% over the next 2 years, 18.65% from 1 April this year, 12.74% next year.
The business case for gas-to-power is still solid, the demand is there. Still not sure if Invictus is looking to just supply the gas, or have an energy division that produces electricity. The new director, Robin Sutherland brings on board valuable gas-to-power knowledge and experience. Exciting times ahead, they just need to bring a sample to the surface and declare a discovery in the next few months.
IVZ Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
