The last question asked at ESGs AGM today was in relation to ESGs approval of the OIP proposed merger. David Casey wasn't very keen to make any comment at all and in my opinion was completely unconvincing in his ducking and weaving.
I also thought disimissing the issue by telling the person who asked the question "Perhaps you don't understand the issue" was pretty poor form.
If the way that question was dealt with is any indicator of tomorrow's meeting it is going to be an absolute cracker. Should make for a good AGM. I wouldn't be surprised if no questions are allowed.
Really sums up for me that the concerns of the market(reflected in the dismantling of the share price) and other concerns expressed by HC members re this transaction are more than valid.
OIP Price at posting:
9.1¢ Sentiment: None Disclosure: Held
