OIP 0.00% 4.3¢ orion petroleum limited

focus on the issues

  1. 8 Posts.
    Reply to TP

    Your gratuitous reference to the ex directors (by the way, who is Lee?) is ridiculous and detracts from the main issues that rightfully concern OIP shareholders.

    Lack of independence: Morton and Langusch made the scheme offer while directors of G2G and then approved the scheme on behalf of Orion as chairman and MD of Orion, respectively.

    Value of deal: As JT said, G2Gs canning block is worth $300k, not millions. If Langusch was fair dinkum about getting the best deal for OIP shareholders then he and the current board would not accept a blatantly outlandish value for the canning (and the other G2G assets as well). The current board is not standing up for us shareholders.
 
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