keep your eye on the prize, page-20

I think we need to put a few things in perspective here.

Yes, it is a disappointing and oportunistic bid by STO with possible unethical undertones, however technically the market is on the brink of a further 5% correction and ESG were moving closer to their gas export project at Newcastle (and associated capex) without the financial capacity to deliver - subsequently looking at tapping the market for cash.

Add the increasing backlash from farmers and recent ASX listed stocks who have needed to shut down operations due to water contamination and to me I don't think the SP was going anywhere but south; particularly in the short - medium term.

It sounds like many people are mourning the loss of a loved one and failing to take in broader micro and macro economic issues.

This deal will give us the opportunity to take the money if wanting to sell and invest elsewhere, or take a share in STO.

Not the greatest result, but definitely not the worst.