the upgrade strategy, page-7

Hi Nervous,

Welcome back - Haere mai

Coming back to see our beloved ESG looking over the edge must be a real challenge for you. But I know you just dust off the sp drops and get ready to back-up the truck.

Do you swing out the past Hyperbolics and try to rally the noobs to stand in the market as well to soak up the selling

Is it a falling knife scenario where those who bought in at the last 0.615 low , thinking they were really smart dudes, now wont be buying again but just wishing that the fall would cease and consolidate. Buy at your peril as the falling hasnt stopped yet.

I also find it hard to look at the screen as even I know that there is probably 0.615ps value in ESG

Why wont it stop falling ? been going south since 28/4/11.

The Market can estimate what sort of reserve upgrade might eventuate , but the Market has probably lost patience with the Management and their failures to get any of the 4 MOUs converted to a GSA or to even bother reporting on the 5 production pilots underway. You Cant have more "P" unless it will be Commercial. If the Market was confident of a big Reserves upgrade the sp wouldnt be at 0.615. The Market demands something more than a MOU or even a shower of them like confetti.


THE Tinstfield pilot -- posters here are now firmly innured to the expectation of Nothing . The consensus forecast seems to be August probably in the year 2011, for some Flow Rate news. That again is why the sp is low.

Your change of federal government idea is a good one and most would support you. We have a govt that for some strange reason seems to want to regress Australia. I cant understand it. The Greens and the independents can and they will be hanging on until 2013.

I dont think your Uncertainty factor will improve soon.
We have to live with it.

The LOWs are what tests you as a Holder. If you bought the spp at 85cps for your $15k you have to grit your teeth if you still want to Hold.

We need a white knight like the Santos to ride the range again and keep the locals informed of the good and the great of ESG. Parry the thrusts of the Nature Conservation Council and all the others like SORE and its derivatives. Tell everyone including the BOF that we dont need any of that Fracking that the Frackman of the Tara Lifestylers so hates and wishes to blockade. Tell BOF that we love the Pilliga Mouse and have special well head designs to accommodate them. We love black striped wallabies and koalas and all the other fauna and flora in the Pilliga forest.


Cheers


The pakeha went down the whanga
Took the tiki tour
Along the road was a chilly-bin right on the line
Being concerned for the safety of the boy racers around
He stopped his datsun and grabbed that chilly bin
Lifting the lid and out jumped the possum
Latching onto his neck on the way up and over his head
Into the bush
From the side of the track laughter was heard
Fool a pakeha once you can fool him twice