ICN 0.00% 0.6¢ icon energy limited

who says bpt not interested? better read this, page-24

  1. 22,262 Posts.
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    Lots of SP "positives" from the AGM.
    No "revolt" as was being anticipated.
    No major SH selling (only Citicorp as a policy decision, not re ICN and dribbling their sales).
    Starting a drilling programme, at last. (Surely timed for AGM).
    GSA still No. 1 focus and retaining confidence that it can be achieved.
    Awareness of BPT's "presence."
    Board and management put on notice with failure to get 75% approval for remuneration resolution. (One strike!!)
    Re-appointment of MD for 5 years gives a "positive message" to market indicating that while not many obvious results to date, Board happy with what is happening behind the scenes.
    Certainly no reason to be selling.
    Be interesting to see what buying takes place over next week. (Oil in 626?).
 
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