perspective, page-18

i exited ESG once january went past and no takeover was forthcoming. i don't believe origin will make a bid for ESG simply because everyone has a lot of gas right now, why takeover a company for some reserves?

ESG has chosen the path of commercialisation which will be long and hard. if you want to hold this it will be for a long couple of years, better returns in term deposits in the meantime in my opinion. would only think of buying it if support fails at 70c and a bargain opportunity presented itself from 50-60c. however the market may well prove me wrong and see this bounce back to 80c.