I want to read the reserves certification report before (and if) I buy back in, pure and simple. I am not prepared to take a risk on this for now.
It's great that they have raised their cash for the next 12 months or so, but poor news flow in a bearish market will not assist ESG as an investment for 2008 - there may well be other options out there now.
But let's see what David Casey has got to say in the next week or two. Caution is my approach.
ESG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held