things that the joker eight, page-7

PS,

You know I love the ESG , you would have to prise that line off my CHESS statement with a crowbar

I have said before that I hold because I have an expectation that at some point in time ESG will be a target for a predator, most likely STO due to its two tether stranglehold, and based on typical historical premia we could expect a 40% maximum over the prevailing 1 month VWAP currently $0.90 so x1.4 = $1.26. I still reckon $1-$1.50 is a reasonable expectation range on takeover action which could happen anytime but also later than we might expect if STO takes its time and schedules ESG for after GLNG. ESG needs to keep its sp up as management well knows. I definitely dont reckon on some of the outlandish targets offered up in this room. But Who knows ?

The AGM is due , A Reserves upgrade is due ,the HGO top expiry is coming in Jan2011 - hence the shorters are held at bay and the sp is holding well. What more can we ask for - a GSA ?

Have I actually done a BR here ? Whats happening? I am hallucinating.

Cheers