Yep Monsters, I can't argue with that. Nice to know someone reads my posts. pity I can't get my emails read. :)
But show us the numbers, (that justify a higher bid) and ESG will have happy campers. Show us a 3rd Party, or show us and give us the reserves recognition of a 3rd Train out of Gladstone.
Lots of secrecy, conflicting evidence and ESG going through the motions of selling out cheaply - is it hardly suprising that the villagers have their torches lit and pitchfork in hand? All those angry calls IK will have received, all the threats of legal action, are entirely of ESG's own making.
Trouble is, Monsters, that ESG has done such a great job of convincing their own shareholders that this deal is for real, that some of these loyal holders have sold out at the 11th hour.
'Casualties of war', you might think? If they were loyal holders, they should've held til the end, even when their leaders had told them they had sold out..? Even when prominent posters seemed to have turned traitor also...
ESG will either have unhappy shareholders (if the IER is poor), or unhappy ex-shareholders (if the IER is very good). But either way, there has been a deception, hasn't there?
Easy for the Directors who KNOW, and a horrible situation for everyone else. The market and ESG shareholders are just guessing at the moment, in an information void. Only those with an unshakable faith in their own analysis, or a fatalism to remain come whatever, are still holding.
Yaq
ESG Price at posting:
74.0¢ Sentiment: Hold Disclosure: Held
