be good if STO does RESTORE its 16/7/09 19.99% currently diluted to 19.4%. The 19.99% has a message imbedded within it but 19.4% shows a lack of interest accepting dilution.
if 84cps for $100M = 119,047,619 shares taking ESG to BILLIONAIRE shares on issue status for the first time at 1,023,747,041
STO would need to buy 29,127,890 for $24.467M to take its stake to 204,647,033 or 19.99%
you wonder if DC made STO welcome at the Carvery - he mentioned them twice which is a good omen
If STO doesnt step up or is cut out of the deal then its stake will slip to about 17%
shows the need to make whatever Great announcements you have in your kitbag, if you have any , PRIOR to a capital raising to maximise your sp - where were those Announcements ? Flow Rates and so on. He sure had some good buying help leading into the CR - who was doing all that ?
We Like it when DC talks dirty - the Caltex blokes take the Crack-Spread but DC talks the Spark-Spread for his Wilga golden income generator :)
ESG Price at posting:
91.5¢ Sentiment: Hold Disclosure: Held
