Could be any time really. I would expect some indication from Vic Pet in the next week or so. I am sure Beach will be keen to speak with them to tie up another 10%. That would break the neck of ITC I feel.
I still feel that Vic Pet are interested but what will they pay and will they take on Beach. Either way they will see it as a win which is what concerns me. Hopefully they really want the oil.
The time frames are very interesting. Beach have purposely drawn this out I reckon but to who;'s advantage is it to do this. I think that is good for us.
I expect a substantial holder notice tomorrow from Beach and this will give us a clearer message. The stock price will head up to 8.2c once the shares start to thin out.
ITC Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
