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Sabbath

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27/06/23

08:24

Post #: 68482987
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Originally posted by Koala1959 ↑

I might well be wrong but it would seem MIN have their blocking stake in place and are sitting back allowing the price to fall/stagnate.

While it is possible someone else might lob in a offer the MIN holding is a substantial block.

At the appropriate time my guess is MIN will come out with a 50c offer which will be likely be accepted by enough shareholders in the absence of alternatives. Personally I have lost a degree of faith in the BOD/Management's motivation to move ESS forward.

I sold out 2/3 of my holding between 56/58c but held on to the balance in the event MIN put a formal offer which as we know did not eventuate.

I agree with the sentiment by many on the forum that ESS is worth more than the former offer but it seems to me that MIN is playing the game well - time will tell.

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Any idea what happened to the pre-ESS (Pioneer Resources PXD-Sinclair Deposit) caesium component of their mining operations when ESS took over?

ESS Price at posting: 40.0¢ Sentiment: None Disclosure: Not Held
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General Discussion, page-2320

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