some 50mil in the bank, page-12

guttedsquid: I agree that drilling costs will be a bit higher than suggested by Haka. On the other hand, having a cash stash of approx. 50 mio. is somewhat over the top in my view and can only be justified somehow if VPE wants to add something to their holdings. Would assume that a prime target ought to be ITC...
As a holder of both ITC and VPE I should not really need to care, but as I am holding many more ITC shares than VPE, I still would like a FAIR (= high enough) offer IF it should come to that.
From an ITC holder perspective, the best outcome would be a bidding by two or more companies, of course.
IF VPE wants to take out ITC relatively "cheaply", they ought to strike sooner rather than later.
All comments strictly JIMHO only.
Comments welcome as usual.
wasa