esg will not go cheaply, page-9

goodaye db,
we shouldn't get fixated with the number 1 billion shares.
It's not the number of pieces of pie, its the size of the pie.

telstra has over 12 Billion shares
BHP has over 3 Billion shares
Woolies over 1 Billion
yep - BPT over 1 Billion

If ESG shares were worth little, then we could expect a share consolidation at some stage eg like Drillsearch which has 2 Billion worth only 6c or so.

But 80c is a meaningful number, so I would guess consolidation of shares is not on the horizon.

lets just watch the pie get bigger, and watch our wastelines expand commensurately.

cheers