takeover target, page-2

oakey dokey,

yes ESG should have a game plan to maximise value, obviously they are going through the motions to sure up reserves but in their mind, they must know a conservative 2p result which is likely.

i know full well david casey has said several times he will not give the company away - certainly if someone comes in with an offer around $1.50 they would probably entertain it but nothing around a $1 - this is my interpretation and i could be entirely wrong but surely ESG has the characteristics of a QGC and the management are good at CSG.

lets see what the new year brings but just remember any money coming off the table from ESG buys you twice as much in the market now, so great opportunities in 2009 despite a tough start.