Right now we have to give management the benefit of the doubt and assume they can drill to near 3400m successfully, that at the first sign of pressure build up they will STOP and NOT INCREASE THE MUDWEIGHT and get the UA zone sampled asap before the hole deteriorates. In fact, if it is practical, sample the UA zone as soon as it is reached, then continue drilling to final depth rather than vice versa. Next, as mentioned earlier, once we have sampled or even if the sampling fails again, as a matter of urgency get talking seriously to a credible farm-in partner to shore up the funding for eventual flow testing and to bring their expertise and management style to further drilling. Retaining 75% or whatever of the lease is a lot better than having 100% of nothing tangible which is where we are at right now. No more CRs to SI and insto flippers, get a credible partner in with deep pockets and a wealth of experience and preferably manage the drilling process. If not I reckon the Zimbabwe government will force the issue so lets get it done on our terms
IVZ Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
