will hgo buy their shares back on july 21 ?, page-8

Yaquona and GPPERTH

Here tis just the relevant extract


11. Yes, it would be brilliant if HGO could buy back the shares they sold to Santos at a sub one dollar price, and have the best of both worlds.

12. The sad fact is that HGO is cash strapped and that was the real reason for their sale at this ridiculous price(with an escalation clause) of this valuable asset

13. Settlement of the HGO's eastern Star holding by Santos is by 20 July 2009

14. I would expect that the share price of ESG would be well over $1.00 by 20 July 2009

15. So HGO will most probably not be able to buy in any more ESG at a price cheaper than what they sold

Cheers

Funky