defensive takeover strategies, page-20

Hi Nervous,

It seems that you are the anointed one deputised to be the Slayer for the ESG clinic

Please confirm that you have received a secret email from the GateKeeper handing over the Light Sabre

We have differing points of view but I challenge you to show me any Broker that regards ESG as an "Investment" however you want to define it.

Investment Grade is often used to rate company debt

What would be used to rate ESG - I gave you a long list of companies with their LVR ratios and ORG had a 70% and ESG a 35% . Investment versus Speculative

I also made the good point that ESG is not a RANK Speculative stock like MMR or MEO - It has got a 35% LVR so that is to be celebrated and we should do a dance around the burning logs looking at the carbons

If one had a portfolio of MMR MEO NXS ESG then one could say that within that portfolio ESG is a relative "Investment Grade" holding with its 35% LVR and the other having the Mark-of-Zorro seared upon them.

The Carbon Tax is an Idiocy - CO2 is not pollution and never will be.



Cheers

We will soon have a national spare room database
What level of reality are we on
The Nutters and the Wombles roam free
Feel the heft of the Ironising Lance
Aunt Coota is coming to stay
The supple can overcome the stiff
Under heaven everyone knows this
Yet no one puts it into practice
(after Tao)