from the australian

What does everyone think of the comments attributed to Director Casey.

This is copied from The Australian.

Eastern Star managing director David Casey said he had previously held discussions with suitors, but that nothing had come of them.

"(Eastern Star's share price gain) is largely on speculation and a process of attrition -- we're the last man standing, essentially," Mr Casey said.

"With AGL acquiring Gloucester Basin and Sydney Basin (assets), Eastern Star is the largest independent left in NSW.

"We've been in discussions with different parties at different times, but as far as we're concerned, we don't think that our share price is, or has been, a reflection of the underlying value in our assets."

Cheers
Paul