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News: ESS Tianqi Lithium Terminates Plan Of Acquiring Essential Metals, page-251

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w27

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01/05/23

12:10

Post #: 67542544
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Originally posted by malvernmoe: ↑

MIN are the largest shareholders. They’ve made is absolutely clear why they’ve opted to take such a position in ESS. Which doesn’t really seem to imply they’re going to be content with just sitting back and expecting someone like Tim Spencer (LoL) to produce a positive return-on-investment for them.

From their POV, why would they want to obtain this at a higher price than what they have to? I understand some have said here their past knowledge of MIN has demonstrated that company usually isn’t too reluctant to pay up when it’s worth it, so I guess we’re hoping they stick to that etiquette but I’m sceptical they will.

A lot of how this now plays out will pretty much depend on Tim (unfortunately)!

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It really depends on what competing interests think and the future price of spodumene on the market.

ESS Price at posting: 43.5¢ Sentiment: Buy Disclosure: Held
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News: ESS Tianqi Lithium Terminates Plan Of Acquiring Essential Metals, page-251

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