Bid Ratio 0.6803 STO for 10 ESGESG is now linked to the STO spIF...

Bid Ratio 0.6803 STO for 10 ESG

ESG is now linked to the STO sp

IF ESG sp deviates Higher from this linkage that to me indicates that there is some hope that the bid will be increased or a hint of Other Bidder/s

If the Market thought this Reserves Upgrade in the coming Independent Experts report was significant Commercially, at this stage of ESG/s immature development, then the ESG sp would be Bid up Above the Ratio now

If the Market thought that there was a Gang of other bidders circling who thought they had a hope of wresting ESG from STO at a reasonable price for them, then the ESG sp would be Bid up Above the Ration now

At Close 18/7/11

STO = 12.74 ; ESG = 0.84 (Ratio Calc ESG Bid Equiv = 0.867)

ESG Closed UNDER the Ratio (96.9% of Ratio)

So Computer Says NO Other Interests or New Value seen at present


This Ratio Bid Equivalent is worth watching for a flicker of life



Cheers