vic pet, page-15

It all hangs on Vic Pet I reckon WASA.

The positives in this VPE is that they would see this as being in bed with a major and so capital won;t be an issue for development.

What ITC needs is for Vic Pet to want the fairway and if so we may have a counter bid. If not we lose and get taken out at a measly level.

The sellers are probably banking on no further offer and so due to the time delay are selling now. Makes sense really.

I am going to wait on Vic Pet. If they agree to the merger I feel its all over.