rumours about...., page-8

Wasabibarako:
Don't you think that for VPE to be a takeover target it would be easier for them to be either an Oil or a CSG target? Who would want to buy both an aussie CSG and Oil play if it wasn't Santos?

Guttedsquid:
You're right, the company has been poorly run. Lets hope that changes in the near term. As far as ITC being undervalued at the moment - how do you possibly value a company that cannot have any activity for 6 months?
It makes sense that VPE would be out to get ITC because that would consolidate the Cooper play, which is proving itself, but will suffer from the closure.

Tui:
I'm quite aware of the background of the chairman - I know all too well about the QGC background of it's major shareholders. I also know when they came on board, and what has happened since then.
These people are not blind. The pre-existing board have only opened their eyes as of last year - just happens that it coincides with the major shareholders and chairman you have inferred I didn't know about.

How about you comment on why it has taken VPE this long and they still have very little 3P let alone 2P CSG?

A CSG man sitting on the board and major shareholders having a CSG history doesn't drastically change the MD's perspective and that's always been oil Not CSG - and that plays out through the company's continued direction.

Or perhaps it's as you say and simply having a board member and major shareholders who have been previously involved in CSG can completely turn a company around?



I think it takes a bit more than that, and it needs to come out of an MD who really believes in the worth of an asset.
A small cap with two major directions is probably going to favour one at the cost of the other - The oil is a good play, but I wish they would focus hard in on the CSG and get some faster movement happening with that play in light of the complete shut in of their major oil play until September. Strikes me as a good opportunity.