I think that VPE probably don;t wany any more big boys on their books. QGC boys are all over it.
You also don;t know the relationship between MHL and the other 2 companies. Might be old corporate mates etc. There is all sorts of reasons.
What does get me is that a company like CTP should really have gone into ITC if they wanted Western fairway exposure. There is a big difference between these 2 companies and their upside.
For this very reason surely ITC is being looked at but the entry point I suppose is much higher and so more due diligence may be required.
Both companies investments are not startlingly huge. VPE's last placement had one company take on sveral million which is more than MHL raised so everything is on a different scale.
VPE Price at posting:
31.5¢ Sentiment: None Disclosure: Not Held
