Tui,I have taken a punt as a BESBS/drilling. Managed to buy in...

Tui,

I have taken a punt as a BESBS/drilling. Managed to buy in late last week - got lucky and bagged some at 3c on Friday. I agree VPE is the safer longer term company but for a chance to bag 30-50% profit in 2 months, you can't beat ITC as the entry point.

* SPP already out. The SP has dropped back to around 3c on the placement, so I'm happy to see this as a SP floor at present. Eddie and his cashbook are the back-up here...

* Drilling to occur by June - not long really.

* Historically ITC has risen anywhere from 20-70% on drilling. The market is more complicated this time but we should still see some gains once the SPP is done & dusted.

ITC is no glamour stock but I'm happy to jump aboard for a ride...