Having spent several months now waiting for the best time to...

Having spent several months now waiting for the best time to re-invest in ESG, I for one have decided now to take my money elsewhere. I feel that when shareholder's hyperbole begins to include the examination of the director's "body language", their "sideways glances" checked for meaning and when every word they say is examined for hidden nuance, it's time re-examine the company one is invested in or intends to invest in. Besides, I have also begun to feel that the future resource upgrade, whenever that may be, (like a chimera it appears to be moving further and further into the distance) has already been factored into the current SP and so very little positive movement is possible to the upside of this company for quite some time.

We all know there has been an approx 30% fall from the share price high following STO's buy in. It's going to take a hell of lot to get the SP rise 30% from this point to take it back to its former high, particularly when another capital raising is just around the corner. All of you are of course hoping for a takeover bidding war and I expect that is what it's going to take, to get ESG's shareprice moving in a vertical fashion. I occurs to me however, that almost every company listed on the ASX (with the exception of BHP) is talking hopeful takeover to make shareholders wealthy. Hmmm... I wonder if Shell will ever take over Arrow or BHP take over RIO or AWC, DYL takeover by PDN, WOR take over by... etc etc. It may well be that ESG has already had its run... In any case, for those of you who had the good fortune to invest under 50cents, you have done very well. For those of you who invested when the SP was over $1.10, I expect you have a long wait to break even on this one.

Just as a final comment from me, it's obvious the fundamental knowledge of many of the individuals investing in this company is very high. I certainly congratulate them for that. Good luck to all of you.