ESG 0.00% 86.5¢ eastern star gas limited

apollo float

  1. 781 Posts.
    Why no focus on the outcome of yesterday's float of Apollo with its CSG interests in the Gunnedah basin.

    Surely this is positive news for ESG.

    BTW, we rang a company (not ESG) the other day to discuss where the selling was coming from, they advised a fund manager had been forced to dispose of its position as it had possibly lost a funds management mandate.

    I am of the view that something similar has happened to ESG and that is what has driven the price down below the SPP price.

    We will see soon enough I suspect if they were a substantial shareholder.

    My view supports the chartists' view, if the price holds today or ticks up, we could break the downw trend / channel / flag and see a good move up soon.

    GL all.
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