Hi Guys I have to first state that Im reasonably new to this forum but have been an investor of shares for quite sometime. I have seen it all on this meery go round of buying and selling shares, the ups and downs and the takeovers etc. I think honestly its too early yet to predict anything and the fact that VPE has purchased around 10% of ITC does not actually mean anything yet. As to ITC taking over the oil fairways from VPE I think that would be great for all the ITC shareholders but the chances of it happening are probably as good as the tattslotto ticket I brought yesterday. My research and advise from a few broher friends of mine is that ITC is a spec stock with potential strong upside should the oil reserves be shored up and proven. As to the ultimate value of an ITC share who knows there are probably other people on this forum that could take a stab. But what I do know is that with spec stocks like ITC sometimes realising a profit for shareholders can take a VERY long time if ever to eventuate. I hope Im wrong but there are plenty of examples on our stock market of mining juniors with seemingly great land holdings etc that go nowhere.
ITC Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
