General Discussion, page-1662

First 1662 Last

Share
Profile

Follow
InItEarly

3,203 Posts.

1040

23/02/23

16:14

Post #: 66425250
Share
Originally posted by WhatsTheTip: ↑

The likes of Mineral Resources have a few choices (if they want ESS):
Create a bidding war and try and secure ESS as the highest bidder; or
Wait on the sidelines and see if international purchase clearances are granted and how the independent report shapes up.

MIN has had a month and a half since the bid was announced. That is more than enough time to put in a counter-bid if MIN wanted to create a bidding war. If MIN are interested, they appear to be playing the waiting game and can do that for months without showing their hand.

Strategically its probably wisest for MIN to wait until the outcome of regulatory clearances is known. If regulatory approvals stop the existing bid, the share price is likely to fall. That fall might be a little bit and might be a lot. MIN could then use that new lower price point as their starting point and it may even mean their bid is below 50c. There's little point in bidding 55c, 60c or higher against someone that may be ruled out of the race.

Expand

There is no reason to bid early. That would only be to their detriment. No bidder who genuinely wants an asset wants a bidding war.

FIRB is not likely to be a factor in this - the independent report will be.

Everyone needs to stop panicking about the SP if no offers are successful.

Pretend shareholders will make a big enough song and dance about that unlikely outcome in order to encourage you to foolishly part with your shares cheaply.
Last edited by InItEarly: 23/02/23

ESS Price at posting: 49.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

First 1662 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

General Discussion, page-1662

Top Stories

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Monash IVF shares cater 25% – Disaster or deep-value play?

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Australia’s gas crisis is here – and dying coal plants aren’t helping

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Featured News