OIP 0.00% 4.3¢ orion petroleum limited

H,well done.OIP announcement is clear - merger will not...

  1. 6,942 Posts.
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    H,
    well done.
    OIP announcement is clear - merger will not proceed.
    Bit disturbing that OIP and GGX still plan on working together, but this may be just a face-saving statement.
    But BDO letter is unclear to me.
    the 2nd last para does not state the most important point.
    BDO say that they will be required to amend their conclusion wrt whether the acq'n of shares is fair and reasonable, but they do not say, that in light of new info, whether the acq'n will still be f&R, or whether it is not?
    Does OIP need to pay for that new installment perhaps?

    H, do you know whether the purchase of the G2G shares from the directors will still go ahead?

    cheers
 
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