News: ESS Tianqi Lithium Terminates Plan Of Acquiring Essential Metals, page-250

MIN are the largest shareholders. They’ve made is absolutely clear why they’ve opted to take such a position in ESS. Which doesn’t really seem to imply they’re going to be content with just sitting back and expecting someone like Tim Spencer (LoL) to produce a positive return-on-investment for them.

From their POV, why would they want to obtain this at a higher price than what they have to? I understand some have said here their past knowledge of MIN has demonstrated that company usually isn’t too reluctant to pay up when it’s worth it, so I guess we’re hoping they stick to that etiquette but I’m sceptical they will.

A lot of how this now plays out will pretty much depend on Tim (unfortunately)!