Hello all, Re Impress, If you check out Bom you will see the water in the Cooper river flowing south west. My only point : who ever is the eventual owner of the cooper Impress assetts,... . They are not going to get a income for some time from Growler and Snatcher etc. The rains are going to put a effective stop to any affective drilling for another probable 12 months. Beach can and will wait for 2 or more years. Vicpet buying is effectively giving them a larger block with continued operator of Impress assett's etc. The short term share value upside is very limited. The short term downside is greater. I think the current 8cents plus is as good as it gets short term. If beach is blocked from a full takeover then ITC will probably be merged with Beach as a company with Beach holding a majority. IMHO.......... 247
ITC Price at posting:
8.0¢ Sentiment: None Disclosure: Not Held
