10% is not enough to block anything. If they went to 19% then that would have more punch IMO.
If VPE are blocking a takeover for ITC then why do it. Who cares if Santos or Beach own the other 40% really. Less cash issues if they do. They would do it to protect it for themselves but if they wait until the fairway commences drilling the price will suddenly go up alot. Just doesn;t make sense to me at all. VPE will have the cash when they get rid of the CSG which they will eventually do but when.
It is all very srange at present.
ITC Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
