Well, the share price hanging around offer price or slightly above with FIRB decision and Jim Chalmers yet to say if it can proceed is interesting. The risk closure seesm to either indicate a sure thing, or some else is buying ito ESS.
Personally I bleieve another person/ investment house or MIN slowly taking a position. No point rushing until the decision above is made I guess, price may back-off and can swoop in at roughly the same price as TLEA are offering. Hadn't really thought of FIRB as being a controlling factor to another bidder....
MIN most likely, given the proximity and overlap in Mt Marion. The initial deposit definition and future prospecting would suit MIN, doesnt necessarly need the quick option TLEA seems attracted by DSO. Depends on what Chris Ellison is thinking, he has two major corporate moves happening with WGO and NWE, both ~ $400M and $100M respectively funds to raise. ESS would mean another $150M+. not too bad. As they say with real estate, Location , location, location.... Twiggy does have much Lithium, good location pal up with Chris, turn into a hub.
Just waiting, haven't sold a share. Like money in the bank, hopefully with interest.
(I am a little disappointed ESS couldn't manage the DSO option themselves... doesn't seem too onnerous, wouldnt have to be optimised to the nth degree in this market)
ESS Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
