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08/10/11
15:33
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The 50 cents a GJ for 3P is a misnomer created by two disingenuous and colluding Boards.
The day the Scheme was announced Knox was out there stating 50 cents was a fair price.
ESG's board announced 50 cents as fair.
Every mug shareholder exclaimed, "What about the reserves upgrade?"
Two new coals seams, $50 million dollars spent and no reserves? What?
The next question at the time was; is Knox that stupid to annunciate the 50 cent per gig when every one knows a big upgrade is coming?
The answer is, no he ain't that stupid.
Knox knew no reserve upgrade would be coming. Doesn't take a genius to guess how he knew?
Cease and desisit with this 50 cents a GJ baloney.
I'm voting yes.
STO may be b***ards but at least we know their smart b***ards and now their our smart b***ards.
Good luck.
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