Happy New Year All. I rolled my eyes reading that ann as well. I dont think 4m seams are going to be commercially viable and I get the impression ESG have a sweet heart deal going here to acquire the maximum CSG deal.
I read the recent paperwork from OIP and whats with the 5M in shares for Langusch? Say 10c a share and you are talking about $500K renumeration for ruining the company. I couldnt complete my voting form, in the negative, quick enough.
Lets hope we see this GGX merger fail, Langusch and Morton resign, and we got on with drilling for oil in Pel 6.
I can see why Morton and Albers would be voting for the merger, but for ESG and Merrill Lynch, I cant see why they would be voting yes. In ESG's case, unless there was some sweetheart deal in play.
This saga is worth a segment on Today Tonight.
OIP Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
