ESG eastern star gas limited

Just my thought for the day.Ok i agree we are tied to the STO...

  1. 198 Posts.
    Just my thought for the day.
    Ok i agree we are tied to the STO share price. And as STO tracks higher then so does ESG.
    As we all know we get 1 for 10 based on the current deal, and the target price was struck at 90 cents, based on an STO price of $13.23. So as STO goes down then so does ESG, conversely as STO goes up then so does ESG.
    ?????? what will happen to the ESG price should STO over Shute the magic $13.23, will sto track higher, i think it will, its a technical no brainer. So as we get closer to a done deal, with no sign of a counter bider and if STO is higher one can do the [ cost of sell, ie brokerage ], and maybe sell ESG on market. I understand it all got to go our way, but you cannot discount a slightly higher price.
    Good investing to all.
    ?PS? let me know if you find fault in my logic.
 
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