How I would like to be a fly on the wall in that meeting, assuming they are having one of course!
8.5c/share cash in three days is quite a tempting offer if nothing else comes along. At this moment in time I see no immediate need to sell right 'now'. We have some time in hand to step back, take a look at who is doing what and work the question on everyone's minds - What will VPE do?
The depth on pre-open will certainly be interesting to see what the general shareholder feeling is.
I think Beach have made it quite clear to VPE, if you stay in and we get the majority shareholding we are going to make life difficult for you in other words. If VPE fold then my choice will most likely be sell and take up another opportunity out in the market.
ITC Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held