With Santos's SP approaching $13.50 odd on Friday that means every ESG share is worth approx 93 cents atm.
For some time now our ESG shares have been well south of that. Prior to the Santos offer our SP was in the low 60's at one stage. Without Santos's offer our SP would still be at those levels.
Why ? ... because the ESG management had lost the plot , nothing positive was coming out of the ESG business model , ESG was going nowhere.
Santos on the other hand is growing their business , they are moving forward , ESG was just waiting on a buyout - they were going nowhere and the market valued them as such.
In the next few months , Santos's SP will be around $17 imo , which under the buyout calculation , would value our ESG SP at around $1.17 for each ESG share......whats wrong with that ....absolutely nothing.
Hold Santos , or sell Santos , does not matter , there comes a time to take the money & say , hey I may have believed in the ESG story but it did not happen. We all made a little money and moved on.
They say you should never fall in love with a Share.. , lets all move on.
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