whats in store today, page-7

tui/others: It is EASY to understand, WHY VPE would like to get ITC into their fold when you read VPE's quarterly report just out:
QUOTE: (big letters = highlighted by me)
"It is anticipated that upon the resumption of oil production in September 2010 and successful development drilling, VPE oil production from EXISTING oil fields WILL GENERATE in FY 2011 a NET CASH FLOW to VPE estimated at $ 30 million.....".
END OF QUOTE
30 million net cash flow from - mainly - holding 60% in the shared field with ITC, which would give ITC an estimated NET CASH FLOW of approx. 20 million...
Think about it. I would like to assume that Sir Eddie will not sell out too cheaply. Personally, I most certainly would NOT like to see a cheap offer for my ITC shares. Still wonder WHY some people are selling out at present in the 6c range?
All the best to all ITC longs and have a nice weekend.
wasa