OIP 0.00% 4.3¢ orion petroleum limited

Ann: Quarterly Activities / Cashflow Report , page-11

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  1. 3,890 Posts.
    The obvious one would be to sell OIP on market and purchase OXX instead. You'll end up marginally in front compared to the offer currently on the table.

    The price on offer is ridiculous. If OXX actually had a meangingful business plan to develop any of their assets on their own they wouldn't have the time to prepare frivolous bidder's documents.

    I predict 0-1% takeup on current terms.
 
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