gap, page-4

db,

I am confused about your position.

For yonks, you have been dampening ESG shareholders' expectations, saying you were holding out for a +40% VWAP offer for your shares.

Well, now you have it! Mission completed, huh?

But you are now shifting to "Say no to the Santo"

WHY? WHY say no to the Santo?

Hasn't ESG now reached your target? Isn't a +40% offer what your investment proposition for ESG is, what you have been wanting all along?

I can only assume that, if you don't like Santos' offer, you must have a higher target price for ESG. So...

(A) What is your price target for ESG? Do you have one?
(B) If ESG hits your price target, will you sell and move on, or will you then shift your price target?
(C) Would you prefer an offer of a similar price from Origin, and if so, why? Is it related to your employment?


Be careful what you wish for, db. You have spruiked the merits of a +40% offer from Santos. And now you have it, and you are not happy.

And if I were in the Origin camp, I wouldn't be happy either! They are looking out in the cold right now, aren't they? :) lol

Yaq