Interesting recommendation by the independent expert as to the valuation offering of , "Not fair but reasonable" for the DEV share offering to ESS shareholders. Looking at page 41, something like a $1 difference between the average valuation range ~$1.71-2.71 (from memory), but reasonable because of exposure to Pioneer Dome and the mining services assets by receiving DEV shares rather than cash
Is it too late for shareholders via HC to let it be known we want a better ratio of ESS shares (~6.18 from memory) to 1 DEV share. The price always looked on the low side to me, and subsequently lithium is down for the short term. Surely DEV / MIN believe lithium prices will rise in the medium term?. What do others think.
ESS Price at posting:
47.0¢ Sentiment: Hold Disclosure: Held