Weighing up all options is important, have also researched the Lynas shareholder revolt.
I think the Eastern Star Gas Shareholder Action Group (ESGSAG) can make a difference here and the more time which passes the more resources we are given by multiple sources.
Shareholders are continuing to register, this commitment speaks volumes.
I would hate to be Db right now. :D
Also, I am pasting in a number of Australian Financial Review articles on Eastern Star gas below:
I don't have access though, can anyone read these articles??
The bottom one regarding Credit Suisse looks interesting...
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EASTERN STAR GAS LIMITED ResourcesDaily Coal seam gas licences feel the heat The NSW government is being pressed to reject two coal-seam gas exploration licences, including the Narrabri gas project in the state?s north, because of community concerns about environmental damage. Related News COMPANIES Santos Ltd, AGL Energy Ltd, Eastern Star Gas, Dart Energy Ltd PEOPLE Christopher Hartcher TOPICS Energy & Utilities/Gas Extraction, Environment, Politics/NSW Politics Oil industry blasts CSG claims
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Australia?s oil industry lobby group has rejected a ?blatantly incorrect? newspaper report saying one of its representatives admitted coal seam gas drilling would inevitably contaminate water aquifers. Related News COMPANIES AGL Energy Ltd, Eastern Star Gas PEOPLE Christopher Hartcher, Barry O'Farrell TOPICS Energy & Utilities/Gas Extraction, Environment, Politics/NSW Politics O'Farrell should stop gas drilling, say Greens NSW Premier Barry O'Farrell should override his energy minister and stop two coal seam gas exploration leases from being renewed, the Greens say. Related News COMPANIES AGL Energy Ltd, Eastern Star Gas PEOPLE Barry O'Farrell TOPICS Environment, Energy & Utilities/Gas Extraction, Politics/NSW Politics Street Talk Credit Suisse doubts new Eastern bid
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Credit Suisse cuts Eastern Star Gas to an ?underperform? rating after Santos?s $924 million bid last week.
ESG Price at posting:
84.5¢ Sentiment: Buy Disclosure: Held