JT,Unfortunately, and sadly enough for us investors, what you...

JT,

Unfortunately, and sadly enough for us investors, what you wrote is correct. I wouldn't hold my breath for an IE to prepare an IER that goes against their Employer.
That is what I believe and, IMHO, if that was to happen, that IE may not be getting another similar job from anyone. IMO, it is not the usual caper to go against the wishes of a Board, but, that is my own way of seeing it.

The reason that and IER has been called for, is that, under the current Laws, when a SoA has been sought in order to achieve a Merger/Acquisition, it has to go before the Courts to get it approved. Part and parcel of that process, is that an IE has to prepare an Indepepndent Report to assure (or at least make it obvious), that the shareholders are getting a fair deal.
What is fair though, is the $64 thousand dollars question.


Lilac,

If you are to read my last comments made in my post #7189513 in regard to all the pumps available to the market, I feel quite confident that the pumps used by ESG are the Turbine types pumps.

Reason being that the Turbine Pumps can be capable of pumping a certain amount (within limitations of course) of dirty water, while the submersibles would quickly falter. And, the Turbine Pumps also make use of pump rods, (the famous pump rods we all know of not before it was too late), while the submersible pumps do not use pump rods at all.
In the past I have had the experience of having to replace submersible pumps for the simple fact that some small piece of sand/rock got got up in the impellers and seized the motor up altogether. Some time it can be lifted and cleaned out before re-lowering it back down again, others it can't. Not very often thanks God, but it can happen. Hence why I always keep a couple as spares, just in case.

As you wrote, I agree with you that DC made a small blunder when he spoke about submersibles used to pump water from the CSG well. Unless of course there are some of them available that not even the Irrigations and Pump Specialists knows about it.

Another thing that CSG Companies have to deal with, is the hardness and the quality of the water with it's high calcium content as well. Quite sometime ago, I made a mention in these threads about one of my suppliers (an acquaintance), that had to travel to Gunnedah and districts to demonstrated some special water softeners to be used at the delivery point of the pump for an CSG Company. I make use of one of this person's softeners in one of my bores, (they don't come cheap), and it does help a lot. Not without trying different types first though. The hardness of water and the high calcium content can destroy a pump altogether, while also totally block the pipelines for the delivery of the same as well.

Regards