$1.6 billion offtake agreement, page-40

db76

I have had a great lunch and then you spoil it with your negativity!!! Unlike you .. we have all accepted the fact that it takes time to grow a CSG business .. many of us have been in ESG for 2-3 years. I first bought at 26 cents so its been a good performer for me. When did you first buy? By the sound of your constant griping and "reality checks" you bought at $1.16!!

I have moments of doubt with ESG but I am overwhelmingly positive. Can't you (please!!) get over the fact that when people are in a stock long-term they WANT to be positive .. and can't understand why someone like you ALWAYS finds the negative. I will just ask you .. is ESG still 20 cents and going nowwhere? Did STO make a BIG mistake buying into both ESG and the project equity or do they know what they are doing? Do you know better than STO and think that for instance they will never make a go of their own Gunnedah basin gas assets? Will they never use the gas they have in PEL 238?? You manage to find numbers that say "you guys are dreaming" .. and yet the CSG sector keeps growing and it is selling gas to Asia and locally. ERM whom ESG has partnered with has built and operates around 6 or more gas-fired power stations. So you reckon they just signed the deal with ESG for fun? Or are they planning to grow their business (and ESGs along with it)?

Counter-points are always welcome and yes I do hear what you say ... but I remain sceptical about what motivates you. In the market we are in at present all long-term ESG holders need encouragement not negativity. A "can-do" attitude is what we all expect of ESG management .. and for my money having a "can-do" rather than a negative attitude as an investor (if you are an investor) seems far more sensible ... otherwise investing in something else might be a better idea. No?

H