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Ann: Termination of TLEA Scheme implementation agreement, page-44

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Joe1974

65 Posts.

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21/04/23

11:32

Post #: 67393360
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Originally posted by Schmucky: ↑

Termination of the Scheme means the stand still provisions likely in the documents don't apply. This would likely mean that TLEA can build a stake similar to MIN. It would make sense that MIN comes in with an offer quickly to push up the price and prevent TLEA from building a stake on the cheap. MIN has been super aggressive this time round with their 20% stake and will most likely come back with a scrip bid to mop up the remainder. Its just a matter of when and if their initial buy is anything to come by it will be soon.

The longer they wait, the more chance another party could mop up a stake similar to theirs and hamper their own efforts to consolidate the region.

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I totally agree with you @Schmucky, there are some very strange and shortsighted opinions on this thread, in my opinion.

I can't believe people are selling and giving away their future profits. I hope they buy back for their sake before they miss out.

Sellers - do your research, generate a valuation, look at the strategic value of this asset to these big, interested parties.

ESS Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Ann: Termination of TLEA Scheme implementation agreement, page-44

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