thoughts on this low-ball offer

Given all the build-up from DC and ESG generally about their "optionality", about how they were cognisant of demand for their gas for the Qld projects etc etc, I can't see how selling out cheaply now ahead of the upgrade, ahead of the LNGN feasibilty and FEED, ahead of any customers signing up for any gas (Marubeni or other Japanese LNG buyers or any of the Qld operators like BG, Shell or Origin), can possibly be the best way to crystalise value for shareholders. And at 90 cents?? At $1.20+ maybe but not 90 cents which has become 84 cents!!

My conclusion .. there must be more to this story. I will await developments!

H