ESG 0.00% 86.5¢ eastern star gas limited

gas is gas.I thought the game is the more you have, the more...

  1. 929 Posts.
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    gas is gas.

    I thought the game is the more you have, the more valuable/attractive you are!

    The more reserves we see, the greater the value and attractiveness.

    Not many small companies run to developement stage. IN fact, their existing is purely to find something and the sell out.

    For the bigger players, that is why they like the smaller players. They take the risk, spend the money, come across something of significance.

    The major players are happy to pay multiples knowing that they have a resource for the next 20 years+ with the primary risk out.

    I think there will be some corporate activity. Just don't think it will come from STO (only becasue they are hamstrung at the moment)
 
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