I trust everyone had a wishlist filled besides the GGP wish one in their stocking and nextyear GGP can be added in a stocking of its one.
Aussie, your posts are full of sense and you have your heart in the right place to question what you believe in and find the answers to what you need to know. We all have this and in battle someone always wins or loses. Analasis has been done and so whats the final result or is this still being deciphered for a miracle to upend results.?
IG have done their job and further contemplation of challenge to law maybe a slim hope of the battle is not done yet with. Maybe the Tooth Fairy and Easter Bunny is still alive in somes minds but to what costs.????
NathanB, Im glad you bought it up the IG vote against the 2 O&G Directors to be reelected was a bad stratergy. Very early on in the piece I asked this and has been vindicated. The ploy failed to achieve anything and in my way of thinking was done in spite as of a 2nd meeting vote after the failure to get on of its own nominees on the board. Interesting if it had worked and SG was alone.
If IG had done this, their is no way SG would have looked at the IG picture of representation on the board, this would have infuriated him more losing the 2 very experienced O&G Directors. Put yourself in SGs boots and envisage his thinking and next move.
The IG financial plan is and was a non event. Lack of presentation killed it IMO. If one was had it should have been played at, not just words and keep playing the game to win a seat on the board, then present it after.
Now what, are we still going to play US and THEM games and be at loggerheads forever and not help the company in whatever way and be at war forever. Will this resolve the facts that linger in our minds as GGP bobs like a cork in the ocean for listless eternities. Whos willing to get in a lifeboat of alternatives and go out and rescue this cork.?????
Bury the hachet and the pride and get on with the job. If IG have a glimmer of hope of alternative funding that is a better option than the Cnotes then present the facts and get talking happening between interested parties and the incumbered GGP elected board. Maybe there might be a spotters fee. Some serious funding in whatever form could be a real life changer for the company with a few quick horis drilled in quick succession on top of what is already drilled and when producing from all.
The 1st few months of 2013 will be the telling tale of in which direction GGP is headed if it sinks or swims or rescued by that lifeboat of finance. My understanding is that GGP are needed to be on a continuous drilling program to retain the leases and where will the next finance come from.
THE CLOCK IS TICKING.
GGP Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held