fairgopatThere is also a letter from OXX to the OIP board...

fairgopat

There is also a letter from OXX to the OIP board demanding that the meeting next week is postponed so that shareholders can consider OXX's proposal.

I'm not sure that you can describe OXX's low-ball opportunistic bid for OIP as "attractive" in terms of the offer price! Not that long ago OIP was trading at over 15 cents so it is VERY depressed at 7.1 and an offer of 7.5 is hardly generous .. in fact its just the value of the cash or less. I agree as you know that the merger with GGX is not in OIP shareholders interests, but we shouldn't give OIP away to OXX.

It will be VERY interesting to see what ESG's attitude is to this offer. I reckon that OXX's offer is intended partly if not primarily as being a spoiler to the OIP/GGX merger ...asd its low enough to be covered by OIP's cash so its ano-lose for OXX and they have acheap OIP to gain. An offer at 10-15 cents would have been more genuine.

Morton and co. may just have stuffed OIP as an independent operator with this ill-advised merger proposal. Or was a move on OIP always inevitable?

What do ya reckon Holymagimon? Will I see you at next week'smeeting or will it be indefinitely postponed?

H