Squid Thumbsup I like it. Scenario......... Listed in IPO of a merger between ITC Impress and split Vpe oil assets at 40 cents a share with a project cashflow of $90mill in the first year. Ongoing exploration with New Management team likely to exceed $180mill in 2012. A possible takeover target etc.????????? New code of wfo if not taken.
Unfortunately for the moment Euroz or Zero accumulate in low 5 cents and my forecast of low re entry has come true for now. My previous post should have read 4.85% now held by Zero. Accumulated 1.7mill at about 5cents. 247
ITC Price at posting:
5.2¢ Sentiment: LT Buy Disclosure: Held
