OIP orion petroleum limited

blocking a scheme of arrangement, page-9

  1. 780 Posts.
    And here is one other simplifying comment for all of you who are still wrestling with the idea:
    No matter what happens, takeover or Scheme of Arrangement, the results ulitimately will be decided by shareholders, not none shareholders, or, to put it another way, you cannot influence the vote by selling your shares but you can by buying them.
    For all the huff and puff about any arrangement, the market and shareholders of OIP seem to be valuing the company yet again at near the net cash backing and placing no value on the leases. The outcome is being taken out of yours (and my) hands. Any arrangement has to take into account the current market price and it is going to go GGX's way IMO.
 
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