no lose situation

guys i doubt ESG management have sold us up the river. if anything they may not have expected the cluster f888 which is NSW planning amongst other things including our shocking government.

1) if santos get us at this price, santos scrip will be rerated especially if they can show that train 3 is doable. also santos will be a potential target.

2) if ESG is going too cheaply, then i suspect BG may try and spoil the party. they would not want to see ESG reduce their cost per train and put themselves out in front.

so i think the next few months will be interesting. do not think by management supporting the bid, means they have rolled over. i suspect this required to get a deal on the table - subject to higher offers.

the turnover will nearly be 20% of the company since the announcement - so easy for someone to have picked up 5%. can anyone answer the following:

1) what time frame does a new holder have to announce their holding.

2) if an investment bank is holding on behalf of a predator, do they have to disclose the beneficiary - i suspect so.