have no shares in OIP, but have some in ESG.So read the...

have no shares in OIP, but have some in ESG.
So read the announcement of the merger, and thought "gee, those assets of GGX don't sound like much - what's going on? Gee, GGX must be a cashbox?".
SO had a look at the latest GGX Qtrly Report - but no - i think they only had a bit over $1 million!

So if I were a s/h in OIP, I would be wondering why the heck OIP would want permits in France, or in Phillipines? The only asset I can see of any remote interest is a share in permit in WA.

Exactly what is GGX bringing to the table, one might ask?

And the problem with it is, that whilst the OIP s/h get to vote, it will have cost OIP maybe a $1m just to get to hear the s/h vote it down!

It will be interesting for OIP s/h to determine exactly which directors, and which s/h of OIP, can actually vote on the proposal. Anyone associated with GGX cannot vote in the OIP meeting.

Remember, that because it is a Scheme of Arrangement, that they have to get the approval of 75% of shares voted, and 50% of s/holders voting.

So if some s/h and directors are excluded from the vote, then you smaller s/h have a much bigger voice.

cheers