Hi Wasa,Very quiet on the front today for ITC.Words of IF, MAY,...

Hi Wasa,
Very quiet on the front today for ITC.
Words of IF, MAY, COULD,
are all in any Current value for ITC.
The market statements are between 4.5cents to 5.5 cents.
If VPE are buying a 5% stake in ITC I do not think they will want to pay more than a max. 5.1 to 5.3 cents on market.
When they make a takeover offer it should be at a 30% premium to current market then.
Vpe does not have the cash to pay for the fair value of ITC. They will have to get there major shareholders into agreement for a script bid. They could see there shares back to 25 cents then.
The experts will then make there valuation using P reserves etc etc.
The risks include such things as flooding again next year.
A pipeline would help. Additional cost but insurance for the future production.
As others have said.. To get over the line a Bid will have to get agreement from Sir Eddie. That will be the decider of fair value. In answer to your Q.
May this year they MAY, COULD< try for a 8 to 10 cent bid. At VPE share price of 30c 1 for 3.
At 24c its only 8c .
Thats why I said the "worse scenario" .
I believe come Nov/Dec we will have ITC at 10 cents on market with Big blue sky potential.
I do believe you will see weakness in the current price of 5.5cents in the next few weeks.??? 247