faith restored in management

Fellow shareholders.

The following is a reply from Ian Kirham to an email I sent to the company yesterday.
I believe it has restored a sense of integrity (of which I believed ESG had absolved itself of).
A reserves upgrade will be included in this report in mid September.

His reply and my original email:

fromIan Kirkham [email protected]
to"[email protected]"

dateTue, Jul 19, 2011 at 5:27 PM
subjectFW: Reserves Upgrade.
mailed-byeasternstar.com.au
Important mainly because it was sent directly to you.

hide details 5:27 PM (3 hours ago)

Ray ESG Directors have commissioned Grant Samuel to provide an Independent Expert?s Report including an opinion as to whether the proposed Scheme is in the best interests of shareholders. The report will include an independent technical expert report, which will include updated reserve estimates, both reports will be disclosed in full as part of the scheme booklet to shareholders in mid-September. Kind regardsIan KirkhamCFO Phone: 61 2 9251 5599Direct: 61 2 9258 4513Mobile: 0416 157 [email protected]


From: Ray Lane [mailto:]
Sent: Monday, 18 July 2011 1:33 PM
To: David Casey
Subject: Reserves Upgrade. Hello David, as a shareholder of ESG, I am enquiring if reserve detail tests were sent off to NSAI at the end of June,regards,Ray Lane.