After listening to the funding options yesterdayMy take from...

After listening to the funding options yesterday

My take from here on end till the flow test, if they get a JV partner involved after spending so much cash then their 'personal' view on the flow tests results as probably being average. The JV partner is not going to give you a great deal without the risks of a flow test still pending

If they go for one more cap raise (Should be at lower discount if ZIm investors really exist and are involved) and maybe SPP alongside it then they probably see the flow test as possibly exceeding expectations and the short term share price hit should be made up with these 'great' results.

The other funding options are BS and when he mentions Renergen alongside bank funding in the same sentence, their project is so far advanced compared to IVZ and the money being used there is not for appraisal and exploration but nearing production monetisation that the banks can actually see their money being paid back.

Also he mentioned Japanese offtakers in australia. Again BS as they are doing deals with Aus companies that have flow tested and proven commerciality and flow of these assets e.g. Scarborough