As I said in previous posts, we have paid full price for the Tintsfield development and just when we are close to realising its value, SANTOS look set to get the reward while we get a dilutionary, modest return.
We take all the risk with only a modest return?? I don't think so!
Nobody from the NO vote side is asking ESG to commercialise their asset. That is CRAZY talk!! We are simply demanding more time to sure up Tintsfield.
We have opened up the Data Room door to reveal Tintsfield "not quit there but early reports are encouraging but it's too early to tell".
We want the data room door opened with "Check out Tintsfield"!!!
Imagine who will be lining up to buy us on the back of Tintsfield reserves upgrades??
Existing management can remain after the NO vote as incompetent as they MAY be, they have the ability to "finish the job"....
Global fear is relative, a blunt instrument which recovers quickly enough when fundamentals are steady.
Anyhow, Alley sorry mate but you are not talking to short term investors who are wetting themselves over this latest global fear. 90Cents from SANTOS undervalues our asset. Sorry.
None of this will matter when another bid comes to the table anyway. :)
ESG Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held
