Nice work OIP sneaking this out after the close! But it will be noticed nevertheless!
What the ... Gulf ofMexico ...absolutely agree! They have to be joking surely? And assets that a number of parties currently or formerly associated with Orion have an interest in these assets. Now who would that be???? Morton (no doubt). Who else? And the "alternative proposal" has been before the Orion board for 7 months. IMHO we shareholders need to see the detail of BOTH alternative proposals to be able to make any judgement. The whole thing is bizarre (yet typical of the very small end of the market).
Once again this saga is undermining my confidence in ESG (and OIP) board members (Morton rather than Willcocks). Why the pluck haven't ESG just taken over OIP ages ago and spun out or sold off the conventional assets?
OIP has become (always was?) a litle morsel for a number current and former ESG people to tussle over. It's not pretty and its not dignified.
Yes JT obviously ESG want to control the CSG assets but they are sure going about it in a funny way.
Somebody here is NOT acting in OUR (OIP shareholders') interests that's for sure.
H
OIP Price at posting:
6.0¢ Sentiment: LT Buy Disclosure: Held