Really bad timing of announcement...I can totally understand the anger and frustration being vented by everyone here!
Isn't it amazing that on a day where the whole commodities sector lights up, ESG come out with a perfect excuse for short term traders to bail out on mass.
What a stupid way to make an announcement of this nature..I am happy that they have done it but as I said earlier, this should have been addressed clearly and concisely in the Quarterly..
The market will not take kindly to it, but on the upside, it is out now and long term investors will forget about what happened today in three months time..
ESG Price at posting:
86.0¢ Sentiment: LT Buy Disclosure: Held