ESG 0.00% 86.5¢ eastern star gas limited

will hgo buy their shares back on july 21 ?

  1. 260 Posts.
    On July 20, HGO gets $1.00/share. If the share price is where it is today, then why not buy their shares back and make 15c x 160M = $24Million. OK, they won't get all their 160M shares back but they would be able to nibble away 100k shares at a time. Selling something for $1.00 that you can buy back at 0.85 must be an opportunity you would try to take.

    1. if they went on a spree for 160M shares, the price will rise to over a dollar
    2. if they don't start buying, it means the price would have already been over a dollar

    so, that implies ESG MUST be over a dollar by July 21 ?
    Yes ?

    or is it in fact the HGO interests that have unleashed the bots to keep the price low .............

 
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