Yaqona, Whilst I do not disagree with many of your statements, I make the point again that the problem with OIP is that it is trading at its cash value and that there is no value attached to its exploration assets.
This, IMO, is a clear failing on behalf of the previous board and they rightly deserved to be kicked out. They gave the impression of being scared to do anything unless they got it wrong and spent all the money, heaven forbid, on drilling, and had nothing left to pay themselves. They were all too happy to sit on their backsides and let ESG do the drilling on the JV for them but that will come to an end soon, then what were they going to do?
The company needs a shake up and some change for the better. The only way you can get a better value placed on OIP's assets is if the share price goes up and that is not happening. I am a disappointed shareholder in OIP and I welcome some positive change that will drive results.
OIP Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
