ESG 0.00% 86.5¢ eastern star gas limited

to the knockers

  1. alh
    1,493 Posts.
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    To the people that make the statements, "The blind Faithfulls"

    The people that have done their homework on this stock are not faithfulls and fools that are prepared to stay in a bad story, facts are basics on this share are as strong as any small stock I have ever seen. I remember when Lihir gold was under 50c, all the knockers were spruiking about an oversupply of gold, fears of the technology to pull the gold out of the caldera of a volcano drove it down to great buying levels for the so called "Faithfulls" like myself that stayed true on the back of very strong basics and fundamentals, we people that bought in at those levels based on "Fundamentals" ended up laughing all the way to the bank, and there are many stories like that. Woodside was .85 in 1982, similar stories abounded, cudeco was 98c only 12 months ago, I can go on and on. If you have the time, the market is littered with people that have stuck with companies that have overpromised and underdelivered, every failure usually has a shaky story, ESG is nowhere near that category. It has without doubt a "World Class deposit" It has without doubt world class management, it has a 5% shareholder in Tru Energy, it has a large stakeholder in Santos that is in bed with some huge players, this is from David Knox a few days ago,

    “We’re in discussions with Asian customers both for volumes in the first train and volumes that will underpin our second LNG train” or processing unit, David Knox, chief executive of Santos, told reporters in Sydney today. “Those discussions are very much alive and active right now.”

    Plus,
    "The Adelaide-based company has said it may sell as much as 9 percent of the Gladstone gas project as part of a fuel-supply agreement. Santos last year sold 40 percent of its Queensland coal-seam gas business to Petroliam Nasional Bhd. and set up an LNG venture with the Kuala Lumpur-based company. The project signed an agreement to sell 2 million metric tons of the fuel a year to the Malaysian state oil company beginning in 2014."
    "The Gladstone venture is one of five in Queensland planning to convert gas extracted from coal seams for export to Asia. The proposed project calls for a 3 million to 4 million tons a year LNG processing unit, according to the company’s Web site."

    “Traveling around Asia, meeting with potential customers” in Malaysia, Japan, South Korea and elsewhere, there is “lots of enthusiasm to bring gas into their economies,” Knox said at an event organized by the Committee for Economic Development of Australia.

    Blind Freddy can see why Santos moved on ESG when it did,
    Blind Freddy can see Santos is in bed with some very big players in Asia,
    Blind Freddy can see that this deposit is going to be massive,
    Blind Freddy can see Santos along with some big players are just waiting in the wings to take advantage of ESG,
    Blind Freddy can see massive demand from Asia
    Blind Freddy can see that Gas is a great option for cleaner power generation in a world looking for lower carbon emmissions,
    Blind Freddy can see the world economy turning to gas going forward,
    Blind Freddy can see that ESG is in a politically stable environment that buyers are looking for. for long term stability,
    Blind Freddy can see that ESG has very strong business fundamentals driven by a world class team of management in their respective fields, that have and never will "overpromise and underdeliver".
    Blind Freddy can see that every broker reccomendation is a "Buy" and classes it as undervalued.

    So to all you knockers, if you are so blind to the business basics and fundamentals ESG has and think ESG is a dud, time and basics are going to prove you all very, very incorrect,
    ALH.
 
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Currently unlisted public company.

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