ITC impress energy limited

vpe in trading halt, page-4

  1. 5,928 Posts.
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    Further to my comments I don;t think it will be about ITC at all except for the funds needed for the upcoming drilling for which why wouldn;t they wait until after Snatcher flows are on and hopefully at higher sp and less dilution.

    If they were going to have a crack at ITC then I would have thought they would have announced the takeover and then said they are cap raising to fund it if successful. I suppose this would only happen in a friendly takeover/merger.

    Maybe the first step to dipping the toes by buying shares on market before having a crack.

    Who knows.
 
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