Tranche 1 performance shares target was reached. 25m shares hopefully not going into the market.
Tranche 2 conditions: “A farmout which includes a commitment to drill a well to a minimum planned depth of 3,000 metres with respect to the Cabora Bassa Project.” Let’s hope they achieve this well before June 2020.
$3m cash with estimated $600k spend this quarter.
Interesting quarter coming up. GLTAH.
IVZ Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
