fairgopat
Your main point jsut hit home fo me again ... OIP is currently priced totally on its cash backing .. whereas GGX is priced at 3-4 times its cash backing. Any impartial observer would find it hard to believe that GGX's assets are worth the difference.
The only justification for this move as I have specualted before is that ESG is going to takeover the merged OIP/GGX .. and keep the CSG rights and leases and selloff the rest. Holy seemed to think this would happen (the takeover).
Not knowing the motivations and agendas of management in these type of situations is what really pi**es me off about investing my hard earned!
H
fairgopatYour main point jsut hit home fo me again ... OIP is...
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