RE:RE:Recent IC article and further comments
Golong - yes Ithaca's debts are high but of course the positive net asset position relative to market cap is monster. Also, debt levels will fall pretty quickly once GSA pumping. And, easy to forget what an aggressive and acquisitorial creature Ithaca actually is, as the delay in GSA has unavoidably curtailed takeover activity of late. As soon as GSA is pumping and the debt falling, Ithaca will be out there on the prowl once again. Ithaca pumping GSA will make the likes of Enquest very nervous indeed - nervous enough to make Enquest call in every favour and every bit of leverage at their disposal.
Doug