The only booked 2p reserves is Growler at 1.8 mbo so 720k net to ITC. Based on that I agree before you say it - its expensive.
Autosime
As a new entrant the only reason you would buy now would be for a take over. Although I think that will eventually happen its probably clear that it won;t happen for now but then who knows. Otherwise I reckon there is better buys at present in the market but for me as a holder its not worth selling. The market - well who knows what that will do. I think if you could 4c with your volume that would be a very good entry. I get the impression that unless the market implodes then you won;t get them at 4c. It has held up remarkably well given no activity or production for the whole of this year.
ITC Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
