Been thinking about this,and I now too don't think it has anything to do with ITC.If it was a friendly bid then I believe ITC would of been put into a T/H on Friday.Because management would of been aware of the pending bid.If hostile,why???
However if it is to buy into JV,Company or a Lease,then we will get a sense of the direction where management are heading and taking the company.
Remeber,we are still going to need cash in hand for next years drilling.
And something from completely left field.Is there anyway VPE could use the cash raised to buy back Sentients shares???.How this would work I have no idea.Just a thought.
May have an answer Monday.
VPE Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
