1 for 4 Tui based on VPE at 54c is fine by me at present. If the drill bit hits the ground then I expect that will go up hence my surprise we haven;t got that bid yet. 1 for 4 at current prices would be seen as oppurtunistic at best. I suspect there will be a drive in the sp before any bid to make any bid more fulfilling and lucrative to ITC holders. It also would mean less dilution assuming an all scrip bid.
VPE Price at posting:
27.5¢ Sentiment: None Disclosure: Not Held