Jamie,if I were a chartist, I would also wait for an uptick...

Jamie,

if I were a chartist, I would also wait for an uptick before buying in. So from your perspective your views are completely valid.

But I'm not a chartist, and so what I see is a company whose intrinsic value is growing by the day (progress towards gas resource and reserve increase, and yet the price is dropping. So the share is getting cheaper.

As such, I have been buying in the last week.

Different approaches. Both valid in their own way.

(I would just reiterate how easily technical traders can be manipulated by large players however - as mentioned by others, there is a large holder who sells down hard, trips chartists' stop-losses, only to buy back at cheaper prices.)

One man's 'stop-loss' is another man's 'start buy'. :)

ESG is in today's The Australian as a 'speculative buy'.

Cheers,

Y