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Ann: Essential and TLEA to enter into Scheme of Arrangement, page-123

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readyaimfire

12,649 Posts.

1665

10/02/23

00:13

Post #: 66169531
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Originally posted by Bluegoose ↑

Correct, and there at suitors that don't actually need to build a new plant - so why not extract maximum value from them knowing their numbers are far better and faster than the scoping study which contemplates a greenfields site with a new build.

I have always thought IGO will life their bid at some stage - whether that be before the vote or after a failed vote.

Management are quite negligent to recommend an offer at pretty much the bottom of the last year or so. Lithium prices are starting to stabilise again and will likely rise soon due to China restocking, so that should also keep the pressure on the bidders as other Lithium stocks rise.

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Negligent.. ??? they have presented something
to the rest of us they are prepared to accept. To have not done so would be negligent IMO. They don’t have control of the outcome.

ESS Price at posting: 50.0¢ Sentiment: None Disclosure: Held
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Ann: Essential and TLEA to enter into Scheme of Arrangement, page-123

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