With regard to 247 comments I think it is well know that VPE isn't the best operator on the block but lets not dwell on that. You have to say that John not stupid in buying this stake in ITC.
The key for us ITC shareholders is to achieve the maximum benefit from our investment and to be honest although I like the idea of a nice capital profit I really wanted ITC to have the opportunity to prove up the Western Fairway and not be subjected to a low ball offer (ie less that a 12c script offer), I was looking for something near 25c or so in 12 months.
Unfortunately the floods have given VPE and maybe others along with the GFC part II a window of time to obtain ITC for way below its real value, that's life.
So my recommendation would be to hold onto your shares and watch very closely what Eddie say to do, its his company and he will not allow it to be sold for a song.
Finally at the current time I wouldn't want to own any company involved with CSG and the crazy values that were being assigned to them.
Good luck to all.
ITC Price at posting:
6.8¢ Sentiment: LT Buy Disclosure: Held
