ESG eastern star gas limited

esg management - post-script, page-8

  1. 39,009 Posts.
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    Bundy ,

    We were told , as far back as 3 years that there were plenty of people wanting to buy our gas . No problem with the amount of buyers . The issue was that they weren't offering enough. I suppose , with valuations a few years back , that may have been a reasonable statement.

    My logic ( and I'm sure others ) was ok , if the offers are low ball , we'll just wait until the lng market forces them up. In the meantime that provided an opportunity to build reserves as well. A win win in my mind.

    Unfortunately it didn't pan out that way . So now , I await the IER so I can make a decision and hopefully leave ESG's management in the rear view mirror.

    I'm over it.
 
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