Agree, I think if they're going to, it should be soon. Not sure how ITC holders would feel about a scrip/cash deal (although as long as there is a cash component it might get over the line). I dont' think a 100% scrip deal would go through?
Personally I'd be quite happy for a cash/scrip deal as I think VPE is undervalued (despite management issues in the past). CSG ground alone is worth twice the market cap of the company... CSG needs to be proven up by BG first. Then there is the increasing oil sales. I want to get a stake in VPE shortly, but funds are tied up elsewhere for now.
Also like to increase holding in ITC whilst it sits around the mid to low 5's.
ITC Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
