ITC impress energy limited
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stalemate

  1. guttedsquid
    5,933 Posts.
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    20/05/10
    10:50
    Post #: 6715334
    No we know the deal the continuing accumulation will be stifled by being above the price VPE are prepared to pay on market. It could suggest as we discussed before that the 1st bid will be low and will be in the 7c range. Punters will now turn to the valuation of ITC and see if there is enough upside to buy for a punt. Could well be flat around here before the bid with VPE sitting back in the mid 6s. Downside for the moment is limited I feel.
    ITC Price at posting: 6.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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