As I suspected, VPE looks like they have finished acquiring their blocking stake of 10%. It ensures no-one can ruin their plans. VPE will end up owning CSG assets only. ITC will own all the oil. All my opinion and of course time will tell. Those thinking VPE are going to takeover ITC are way off the mark and the events so far indicate that. If you were 100% keen on taking over ITC, you would go straight to 19.9%.
ITC Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
