Ann: Pioneer Dome Lithium Project & Corporate Update, page-31

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19,346 Posts.

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12/05/23

03:17

Post #: 67733458
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Originally posted by Bluegoose: ↑

Because the market is inefficient at valuing companies appropriately, AND the market half believes ESS own management including Tim who are on record as saying recently the company was worth / valued at 37 cents.

ESS own management was telling us holders the SP would tank back to 30 cents if we didn't vote for the TLEA. They were wrong!!

EUR has a similar sized deposit to ESS and they are pushing ahead with a merger on NASDAQ which will value their asset at US$750 million. Same size deposit and grades etc, different but both safe jurisdictions.

MIN also paid up to 58 cents for their shares so clearly they also disagree with Mr.Market's assessment of the value of ESS.

Anyone with half a brain can see this asset is worth a lot more than 50 cents to several buyers. So it's managements job to now make that a reality and create value for shareholders. Something they don't seem too intent on doing in recent times.

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Hi Blue, do you think it's the Australian market that is ineffecient. Your example of EUR, it only has a MC of $150m but as per your post somehow the assets are worth USD 750m when merged. Let's hope it eventuates as you hope, may help the Australian market re assess our current value.

Onwards with the next stage in the process I guess whilst we await for the market to get our value correct.

Do you have any suggestions on what they should be doing, perhaps merge with someone on NASDAQ, that sounds like a good way to increase value.

ESS Price at posting: 47.0¢ Sentiment: None Disclosure: Held
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Ann: Pioneer Dome Lithium Project & Corporate Update, page-31

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