ESG eastern star gas limited

media coverage on nsw and csg, page-38

  1. 39,009 Posts.
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    Hey Nervous ,

    I think your comments re Tintsfield could be a bit premature. Our expectations that it is big as are the others has been created by statements made by management up to this point. So , if that's the case , why the capitulation to STO ? If it's going to be so good , why have we rolled over given our cash position and remaining equity ? Did they get it wrong after all ?

    Maybe Tintsfield is going to take years to dewater and given the restrictions on formation water production , it could cost a huge amount of money ?

    Maybe the Japanese have walked away and we have no potential customers ? New customers may take years to establish without STO's assistance. After all , all the previous marketing appears to have achieved no sales at this point in time.

    Unfortunately , due to lack of information provided by management , we can't just say that we'll give them the flick and get Tintsfield and the other pilots going until we know all the facts.

    One thing's for sure , management isn't talking. The big question is why ?

    Once the IER is released , then we will hopefully find the truth. If the assets are as good as they are supposed to be , then buyers will be everywhere. If they're not , then maybe the Santo is the go ?

    I patiently await the IER so that I can then annoy management some more with my questions.
 
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