Accumulation games or just a few small normal sells late in day...

Accumulation games or just a few small normal sells late in day at market..?

VWAP has been a few points higher each day and for several days. An above average volume (1.8M) yesterday and VWAP of 6c yesterday (vs the 5.8 close).

Either way, ITC IS being accumulated (check OBV trend) and price IS moving gradually higher.

6c required today for a good parcel...maybe more...

VPE share price is nudging 40c also.

POSSIBLE VALUE OF ITC / SHARE NEXT:

1 for 4 @ 40c = 10c per ITC.

1 for 4 @ 50c = 12.5c per ITC

If cash is also offered...add 1-2 cents per share to the above.

Could be 100% gain in ITC at 6c...but a deal does need to be tabled.

Worse case... no deal is made and VPE / ITC kicks off a multi drill program in Cooper oil permits after Christmas and the share price appreciates in response... the operator has had a VERY very good hit rate to date in that fairway : )