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ESS essential metals limited

0.00%

50.0¢

Ann: Ceasing to be a substantial holder, page-13

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bullwinklemoose

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246

03/02/23

12:20

Post #: 66053088
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Originally posted by gberra: ↑

Potential 2nd bidders often try to accumulate shares first after an initial bidder. When a company is about to make the first bid this doesn’t tend to happen as much as they don’t want to push the price up too much before they make a bid. In fact often a share price is suppressed and push downwards before a bid is made to try to make a bid premium look even bigger. This may have even occurred with ESS before the initial bid. This is Not the case with second bidders as you can’t really push the price down as there is already a bid in place.

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Could 53c be the price at which accumulation is occurring?!
Soaking up all the selling.. then reloads
Seems to be an endless supply coming on the bid side and every morning this week.

ESS Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Ceasing to be a substantial holder, page-13

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