ESG 0.00% 86.5¢ eastern star gas limited

very disappointing, page-19

  1. 1,465 Posts.

    Assuming the reserves upgrade is kosher and, as we suspect, substantial, how can an Independent Expert ignore it? More to the point, having talked it up for so long, how can management not make it available before the scheme meeting- the alternative is a bunch of incompletely informed shareholders being asked to vote on the scheme- smacks of an impending class action to me were that to occur.

    STO have already given a basis for this offer in terms of $/GJ 3P/C so, in the event that those reserve/resource numbers change, what's to stop them increasing their offer in line with the new data?

    TR
 
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