Jess, You are so right. The market has yet to comprehend these sort of figures. And what's more is that it is sustainable for many many years.
I hold both ITC and VPE so will be very happy with whatever deal Eddie and Ian Davies come up with.
Imagine having a share in a company that grosses ongoing revenue of about $A100 million per annum just from its' oil assets. A takeover of ITC by VPE makes sense for both ITC and VPE shareholders.
But if I was Ian Davies I would await certification of VPE's CSG assets. That to me is the reason VPE purchased a 10% blocking stake in ITC. They can take their time and wait for their sp to rise in light of some significant CSG certification....and then do a deal.
Plenty to look forward to.
ITC Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
