Gotta, You are always welcome over here on this thread. There is lot of negativity on this site re VPE which I can understand. It has a wrteched history but managed to scrape together a pretty good plan about 4 years ago and focus entirely on CSG and Cooper oil. And it has worked.
THe company is now riddled with ex QGC personnel from the chairman to the doorman. The CSG value of VPE is over $1.00 and the oil is well over 50 cents and will climb rapidly. ( reminds me so much of NZOG but that is another story. )
Re VPE's 10% blocking stake. As you are aware there is another party aquiring ITC shares plus you never know what Santos might do. Imagine if Santos leapt on ITC, grabbed it cheaply and then hd a cheapshot at VPE. No thanks. Best to buy a blocking stake.
As to whether VPE will have a crack at ITC well I queried Ian Davies on that but he was far too professional to give me an idea but he sure knew all the equations.
Who knows what will happen? My view is that Ian will cut his teeth on an aquisition. It makes a lot of sense.
One thing is for sure. Moss doesn't grow on Davies shoes.
VPE Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
