there you go!, page-13

Buddy,

i agree in that i would be surprised to see a bidding war. We can only hope that the instos on the register hold out for more.

I think at best they may be able to extract a further 10c or so.

If there is a positive, it is that the STO shareprice is down from $17 from April 2011 to $13. Hopefully we see STO back at $17 by October which values ESG at $1.15 per share.

Anyway, at least we have a bid. Unless investors are happy to hold for another 3 or 4 years, I think we just have to accept it.

STO could have simply waited for another year or 2, and to be honest, the share price may not have been significantly higher given their existing stake in ESG.

Personally, I would have been happy with $1.30. However, this at least allows me to move on to other opportunities knowing I wont be leaving more on the table.