I agree that if its GGX taking over OIP the timimng is bad .. as PEL 6 prospects are good (and should have been drilled ages ago IMHO instead of Kurrabooma). But my take is that its OIP that will take GGX over at a cost of around 50m shares. This too will dilute the uipside on success at PEL 6 .. so I will want to see a good rational set of reasons from OIP management as to why GGX aassets are so attractive to dilute us to that extent. Sure its essentially a zero sum game asset wise (we get GGX assets and our market cap goes up an equal amount).
Anyone know anything about GGX assets .. something happening in the philipines soon i think and the canning Basin might be prospective but no idea on France!
H
OIP Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
