valuations again!, page-32

GS
Agree there are a few cheap stocks at present. In regards to not getting them at 4 cents it traded at 4.4 this week so inbsharpish correction in the market and it can fall quicksmart. In regard to the booked p2 reserves , not that important given we know there are reserves that simply haven't being booked. You are right that given it's size a takeover us a possibility but it would need to VPE given there current stake. vPEs holding also provides a disincentive for other oilers to puruse ITC

ronstieb is a very level headed , analytical stockpicker. Keen to here his thoughts. He is also the master of buying a while before a drilling campaign and sellling to the late comers near spud.

Ronstieb, a safe entry for me is 3.8-4 cents. Your thoughts?