waiting for the penny to maybe drop, page-8

Holy

Very informative as usual and some very good thoughts .. especially the ones about breaking the GGX deal!

But some of the monkey talk and Alvin's thoughts in particular are indeed as you say somewhat confusing to we simple investors (coconut collectors). Alvin the Idiot's thought that the dilution caused by the GGX merger would make it easier for ESG to takeover OIP was particularly idiotic as you suggested ... particularly as it would be the major shareholder ESG that would be diluted! In fact what has actually happened somewhat "miraculously" is that simply the "talk" of a merger with poor cousin GGX has had the (desired) effect of halving the OIP share price ... thus making it easier for ANYONE to takeover OIP!!! Even if PEL 6 drilling is successful the OIP share price will struggle under the burden of the proposed GGX merger to get anywhere near where it would have without the deal being on the table. Absolutely amazing .. and no doubt "unexpected" by the ESG board who have supported the deal!! LOL LOL LOL Magic piece of corporate cross-cooperation by the look of it!!

Still patiently waiting for those enormous ESG reserves upgrades that you are expecting! Of course a significant rise in the ESG share price would surely be a most welcome event ahead of any move on OIP!

H