Well now that we have further delays this will give Vic Pet a longer time frame to get something together.
When trying to figure out what they are doing one of the biggest things I have found hard to swallow when looking at alternatives to a Vic Pet takeover is why did they buy so aggressively on market when they would have known that the delays were likely to go out further. HMMMM??
They now have 4 mths to do something.
TUI/WASA and any other Vic Pet holders - how long before full certfication is due for the CSG. I think this is the clue. I still beleive Vic Pet will sell thse assets when there is enough in it for them and the cash will then be used to get ITC.
A few interesting things have and will happen in a very short term time frame and as a result I do smell a rat but doesn;t mean a negative one but certainly not one that would go about it the way they are and come out of it with a simple takeover. Somethings just don;t add up.
Add to this Zero's holdings at just sub5%. Is it purely for Westoz or is it for somone else?
Lots of question remain unanswered but will be soon I feel.
ITC Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
