buy 1 esg share and get 3 free!, page-9

Ya said...

"STO could either buy ESG's share with $1.345b or divest that into their future exploration drilling budget."

I don't think so!

The last time I checked, the "offer and acceptance" function in negotiation still applies before a lawful contract can be entered into.

STO can offer $1.34bn but ESG shareholders have to accept.

They won't...and they won't

STO have already experienced the agony of a low-ball offer when they were sent packing up in Queensland. They were clean bowled by being too cute.

Further, the ESG directors know the value of ESG and it's now like a pressure cooker...every day the pressure is building and eventually this thing is going to explode.

Price is what you pay...value is what you get!

Right now I say the value is north of $3...okay, 2 cents north of $3.

But that's only todays value...next month it will be more and the month after that even more again.

At some point in time, someone will significantly bridge the gap between current SP and actual value.

I'm betting that it will be sooner rather than later...but if not I will adopt the lotus position, reduce my breathing to a mere 25 beats and wait!