no lose

guys no use complaining about the 90 cents just yet.

if management have delivered and we have a reserves upgrade plus proven commercial levels of production then:

1) santos will not get esg at this price

2) they will increase the bid

3) someone else will come in and pay a realistic price for a world class resource.

however if we have been led on in respect progress and the likely upgrade then santos are saving us from a slow death from lack of capital.

and even if santos do steal us for what we consider is less than our worth, then we get to ride santos stock which will be rerated.