Further to those thinking something is happening, having thought about this mornings sudden pay up may well have ben done to shake the tree and so far has yet to have been successful. We must remember now that the top 20 holds over 50% of shares which is 450mill or thereabouts. You would expect those not in the top 20 like many here are also holders reducing the amount of shares that may be tradeable.
If VPE or another suitor are serious of buying more on market shares you would have to think that some deals need to be done or that the sp has to go up closer to the potential initial bid price.
ITC Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
