re: Ann: Requisition of General Meeting by 5%... H I'm certainly...

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    re: Ann: Requisition of General Meeting by 5%... H
    I'm certainly waiting for the next instalment (sad isn't it but I don't have a lot to do). I think Yaq got it pretty right last week when he opined that OIP was set up as something for the ESG management to move onto if ESG was taken over. As you pointed out DC doesn't seem to want it to do anything apart from keeping OIP on the backburner although ESG has basically put it's foot on the CSM via the farm in rights. Still it leaves an entity that can be spun out of ESG as per the Dart exercise as has been pointed out by other posters. I suspect that there might be quite a bit of CSM in PEL 6 from the net coal seam thicknesses in the two coreholes drilled to date (although no desorption data as per usual) and I get the feeling that there is deliberate understatement of the PEL 6 potential.
    I can't help but note some similarities with what is going on at Lynas.
    Is OIP a buy at the moment? .....It probably could be as a takeover target but there are so many thing going on in the background that I might just sit this one out.

    P
 
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