What would be interesting is to hear from the ex-directors.
Whilst their inaction on the drilling front (it was partly their responsibility) is not excusable, their resignations appear now to be quite principled.
It looks like certain parties, even without voting on the issue, have a major conflict of interest here.
Tell GGX to go an raise $12m on the market, or privately. Once they have done that, and OIP has done some drilling, come back and have a chat.
Do you think the share price would be anything like 2.25:1?
Or, perhaps Dennis Morton might like to chip another $12m into GGX, at market prices?
Either, this proposal is a very bad joke. Or it is going to cause even further fallout at OIP.
Y
OIP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
