alas poor qgc i knew him well (inflammatory)

As I sit here an contemplate the offer, my mind goes back to QGC. Alas Poor QGC I knew him well.

Lowball Santos initial offer around 14th Oct 2006 in the vicinity of $606 million ($1.26 a share).

Rejected by QGC board acting in the interests of its shareholders as "Opportunistic and Patently Inadequate"

By 16th Feb the offer was increased to $1.80. I make that a 43% increase.

But wait there is more

British Gas gazumps Santos and ends up paying $5.72 a share.

Now let me see. That is over 4.5 times (yes 450% the original offer.) This just tells you how much cunning, guile, deception, opportunism, front and bluff they have.

Santos said they would not let another opportunity like QGC pass, yet they are up to their old tricks.

Lots of reasons why I have already voted NO. I missed their call but i am going to ring back on principal and state my case.

A wobbly market, with greenies and government hesitation and a general lack of confidence coupled with an offer that does not value the sum of the parts sly old Santos and a deceptive and patently indequate board want to rip us off.

Here we go again. Alas old QGC I knew him well.

Alas old Santos I know his modus operandi well.

Alas the ESG board, they did not do well. They took the first offer. How P__ss Poor.

My 3 holding and 6 others who bought in on my recommendation have all voted NO.