market clout

All things aside the biggest drag on ITC is market clout.

At the moment and certainly in the past ITC has and is still purely driven by news and activity. No activity or news and it falls away.

I and others have made comparisons with DLS recently, but there market position is much better, although that doesn;t mean the company is any better. Recent corporate action has seen go from under 2c to 10c on nothing really other than a small oil discovery.

But due to its jv with a market leader in BPT, previous ownership by Great Artesian its marketability is much better.

This is where ITC needs to improve. I have no doubt if we were in partnerhip with a major then we would be at 10c easily.

Being in bed with the right people helps and at the moment we are in the cold when activity is down.

But as all keep saying it provides perfect buying for the astute investors as the traders walk away.