Yaqona
I want to thank you for all the research on E.S.G. I kept the faith because of you and your analysis
I kept my belief as the price was falling!
I was one of the true believers also that this stock would be taken over by Santos as most of us believed on here!
The question was when?
Sadly, Santos played this out with precision to shaft us all.
The first occasion that it went to $1.16 after they brought their first 20 per cent and then the price fell away as many of us brought in around this time. Up and down it went a few times
When the market dropped again the price was driven down to 55c. A few days after it rose to 65c ( who was buying then? lol) and then down again to 59.5c No one would have suspected that there would be a takeover at that level combined with mini correction in the market in their wildest dreams. Although for the first time since early 2010 there were more buyers than sellers! That was our only hint of what was about to happen!
If this takeover is successful at 90c then Santos have pulled off a perfect execution of this stock!
They purchased the initial 20 per cent at $1.00 and if the takeover is successful possibly the last 80 per cent at 90c and under! What a bargain! No cash script for E.S.G shareholders just Santos shares in volatile market conditions
Unbelieveable!
Shareholders deserve a reasonable price for the share given the potential up grade of their reserves!
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