is it a really bargain, page-4

Irynka

Agree with some of your comments but I don;t chart speccies. In fact I don;t chart at all and buy on fundamentals and ITC is fundamentally cheap under 5c.

My average is 6c and have plenty, but understand where ITC is at. Downward dips just give punters another crack at it for those who panic sell and there is plenty of sheep in this regard.

The oil price is much higher than you say. We derive our income from Tapis which after conversion is still getting us $89 per barrel, about $2-3 lower than 1 week ago so the % downward movement is less for us, but most won;t think of that.

ITC very soon will have some very serious income. Rains gain depaying the program and productin are just short term glitches and I think that Eddie;s continual buying and the fcat he will probably take up most of the stock in the spp as underwriter at a premium and that Greg Smith converted oppies at 5.5c late last year tells me very clearly what they are about to give the public in the Western Fairway. By mid year the picture will be very much clearer.


Turn your computer off for a week and go back to where it all started and you lose much less sleep.