ESG 0.00% 86.5¢ eastern star gas limited

Cheers Yaq.My argument is, that at the time bought in we were...

  1. 1,504 Posts.
    Cheers Yaq.

    My argument is, that at the time bought in we were around 85 cents. Lets assume there was a multi party auction as STO made a bid, would we really go close to $1.50 for example? We hadn't upgraded reserves by that point. STO bought in @ $1 and since then we have come along way. It's going to be hard for STO to offer $1.50 when they do bid as they already valued us at $1 when we were significantly smaller in terms of resource etc. I think it's foolish to wait around like they have been. As my accounting lecturer always asks "Would you rather have $5000 today or $8000 in 3 years time?" I just think big investment decisions should not be left to chance.
 
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