They maybe....
Two things will happen to DVP share price post bid
(Fail)DVP shares will fall, as the DVP management will look like chumps for failing to win over a pretty easy target, the board rolls over for anyone that comes along.
(Succeed)DVP share price will fall, because those holding the share price at an inflated price will withdraw post bid. The independent report SAYS that DVP shares are really worth.
DVP underlaying share price....
I am not predicting DVP will fall to even the high side estimate, imagine if it fell to the preferred. Personally, and being generous add to DVP a 30% factor due to Beamont....
placing DVP share price to me at $2.25... That IS a 30% fall that I would expect in DVP shares over time (presently a hyped $3.14)
ESS may fall after the bid, probably will to around 40c. That is still less than the fall I expect in DVP shares. ESS will have teh high likihood of takeover, possibly MIN but with only 20% cant stop any outsider having a shot.
I
am not into cults of Beamont. Have a look at
Peter Harold and POS (Sounds similar to Woodlawn).... there was guru. Cult leaders don't succeed in second or third projects very often, the first really successful project always comes with an element of luck.
Last time we were here for TLEA, a bidder came in the last week.... that was MIN. Just need some else, MIN would sell their shares like Chris did with Warrengo to Gina
