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media coverage on nsw and csg, page-131

  1. 3,611 Posts.
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    G'day Yaq,

    I'm beginning to understand how you must have felt after a month away in the Med, trying to catch up...I've only had a weeks absence...

    Yaq,

    You recently posted (excerpts below)

    "Santos won't pay the big bucks because they want to, they will only pay the big bucks because someone else makes them ... "

    and later,

    "I welcome someone explaining to me what the strategy is, going forward, after a NO VOTE gets up..."

    Now I fondly recall that long waged debate twixt DB and your good self on the merits of STO's $500000000 "passive" investment in the promising ESG.

    Since the debate ended, events have suggested it IS very much an "active" investment, one STO wishes to consolidate and add to, very cheaply indeed.

    I don't think it's through your own posting per se Yaq, but somewhere on this thread there is a perception that if pushed to a NO vote by the fearsome, undaunted 100+ Club, that is the last we'll see of STO who'll meekly take their bat and ball and go home?

    Poppycock! Is that how one staves off a challenge to your long held strategic actively managed investment? No, of course not.

    As I posted before I went away, our "position" of strength, which got us acknowledged in the press as noisy nuisances, very much in the minority, SO MINOR that phone calls began to be made, and "interesting" contributions appeared hither and thither on forum chat sites, to the extent that should we only hear from STO and no-one else, I'm confident we'll receive north of the current offer, BASED on the IER.

    And to that end, as I have said, the IER is likely the catalyst upon which at least one other party may act.

    If we fear a "decisive" NO vote impacting the ESG share price and company direction negatively, is it to assume all at once that STO is no longer there, or will pull out all-together, OR can somehow wait MUCH longer to secure our resources for her needs.

    NO, I think STO has much more to fear than WE do, but as I've shared privately with some here, it is a game, a game requiring a degree for some of nerve. Nervous continually refers you all to "the game", "the process". And ironically, for some more than others, it can be about holding your nerve as strategies play out.

    And THAT, is what STO, those professionally recruited shorters, and others are playing on. They are playing the game....shall we?

    I still don't think we'll be forced to vote ANYTHING, other than to DECIDE at some point to evaluate an improved offer, based on a raft of updated numbers, which we have all grown very tired of waiting on.

    So nice that we can almost r e a c h out and touch it now!!

    Yes, that period between the release of the IER, and the point at whch we MAY have been pushed to a vote, is in my book the crucial period for the next consolidated entity which snaffles ESG's resource.

    And to the poster who noted the old ERM "relationship", well done! Keep your eye on that! (bundy, I think it was you)

    Rgds to all,
    "friends and foes" alike,
    How adversarial it has become here, Buddy go and commune with ya cows mate,

    Lilac

 
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