agl to offer sgl 40c per share, page-5

Hi BB

I think 40c is too cheap, I was expecting around 55c which was the 52 week high SGL had.

Mind u, they've come with their fair share of problems & the SP hasn't quite taken off either, thats what makes them sitting ducks & a t/o target for any bigger player.

With AGL closing the deal with Molopo ($360m) & now biting at SGL's acreage ($160m), I think there strategy is to b the single largest player in the CSG/CSM sector in NSW & control it agressively, which work out well for their shareholders who would get more value.

Next target should b ESG, anyone keen to bid, come on show of hands please.

Have a good chrissie folks.

cheers