Ann: Pioneer Dome Lithium Project & Corporate Update, page-22

To be honest I think this part of the cycle in TO is a game....

Ellison would have been very happy to see the share price drift down. Ellison can easily bid

"at a 30%" premium to volume weighted average share price, seems attractive at a scrip offer offer of around 60c equivalent, typical opening bid. I do hope MIN shares stay suppressed for best possible exchange rate, I guess around 1:125 as a first bid.

I expect a bid before the 4 months, because ESS as we know has the offtake process, vetting customers short list. Seems from Ellison comments MIN wasnt involved.

Because less than 4 months has to bid above the last purchase price we think around 57-58c.

As the tide turns on Lithium more reason to launch nowish, or end up a minority shareholder supplying Lithium cheaply to a competitor and loosing all the prospective realestate.

ESS estate is so very attractive. I dont understand why even bigger companies like S32 arent getting into Lithium in a big way given their long track record with WA mining environment.