ESG 0.00% 86.5¢ eastern star gas limited

Warning: This post contains a contention which the timid, the...

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    Warning: This post contains a contention which the timid, the nervous, the cautious, the "value-challenged", the procrastinators and the "minute-by-minute" share market watchers may find both confronting and fearful.

    If this is YOU...read no further!

    You see, putting my marketing cap on (and by geez I wish ESG would put their's on soon), I'd use a screamer headline for ESG as follows:

    "When You Buy 1 ESG Share From The Bank Of Value
    We'll Give You 3 FREE and a 20 cent coin as Well!

    Offer ONLY available from the Bank of Value!"

    Now, please note, I am not recommending you do this without financial advice...besides the "Bank Of Value" doesn't exist physically...yet the same offer is available on the ASX right now and I can prove it to you:

    (1) Our likely 2P upgrade in the very near future is 1,818
    (65% of the 2,797 2P as recently announced)

    (2) Market transactional metrics per GJ are varied from $4.91 to $1.74....but let's be as conservative as a boring chartered accountant wearing a plain white shirt and a thin black tie and say $1.50
    (3) ESG shares on offer (and let's throw in the 39m of employee options) = 903m


    Hocus Pocus!

    (1,818 X $1.50)divided by 903 = $3.02 per share

    Last timne I looked the SP was 72 cents.

    So, the Bank Of Value says to yuou...

    Pay me 72 cents now and I'll give you $3.02 of value redeemable at some time in the future.

    Isn't this the same as Buy 1 get 3 free...and okay, I fibbed...

    I said you'd get a 20 cent coin as well.

    It's only 14 cents!

    I've ripped you off...but how good do you feel!




 
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