CITIC Group 22.8% Arcelormittal Netherlands BV 16.6% HSBC Custody Nominees (Australia) Limited 13.3% POSCO 8.3% National Nominees Limited 7.8%
The above is 68.8% of Macarthur Coal's (MCC) share register. CITIC and POSCO aren't part of the bid.
Gaining control of MCC looks a much tougher assignment than ESG would be for a bidder other than STO and GLNG.
As for Arrow db, you're living in the past when you keep referring to it to prove your point. Things were different then and none of the Queensland LNG projects had secured environmental approvals and FID.
Finally, ESG needs to book more reserves before it comes into play. The delay in the reserves upgrade is proving fortuitous. Hopefully the ill winds from Europe will blow over by August.
ESG Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
