jakeNo .. the deal is off so OIP will not purchase DM's GGX...

jake

No .. the deal is off so OIP will not purchase DM's GGX shares. The main change in valuation (although they don't point to it) is by Mulready &Co ... in the table on page 2 ... Canning Basin permit 453 now valued at $1.1m compared to $1.8m previously (optimal value).

jnash

I reckon it actually looks like OXX's lawyers were able to successfully challenge the basis of the valuation of GGX's assets (including particularly 453) and OIP/GGX have chosen not to go forward with a lenthy and costly legal stoush.

I wonder if this means that RL and particularly DM will remain on the board of OIP?

H