Someone just bought 250k at market all the way up to 49.5!! Nice to see some interest. I note that all the CSG stocks are up again today ... perhaps the smart money is going into stocks that will benefit from Australia signing Kyoto and taking on aggressive emmissions control targets. Replacing coal with gas in power generation gives a ~60% reduction in emmissions and is the obvious nera-term way to meet targets. And not just by replacing coal with gas at existing poweer stations but also by building new ones that use gas .. as Babcock and Brown intends to do.
Lots of upside IMHO for the above reasons and because gas demand is growing and ESG has verl=y large resources.
H
ESG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held