I just wonder how much pressure this will put on the share price? I can currently buy ESS shares at $0.51. If I multiply that by 6.18, that implies that I am getting a DVP share at $3.15 in 4 months time.
Either DVP should go backwards or ESS should go up???
The more I think about it, how can purchasing ESS shares not succeed. They are currently drilling and should have results soon. If they have a "Stonker", vote No and find a better takeover option.
Of course, if DVP drop to $3, I've paid too much and then I lose. Again, vote NO.
Just a simple thought process.
Ann: DVP & ESS Transformational Transaction, page-138
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Last
$2.05 |
Change
-0.070(3.30%) |
Mkt cap ! $497.4M | |||
| Open | High | Low | Value | Volume |
| $2.11 | $2.11 | $2.02 | $1.210M | 589.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 52839 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.05 | 10963 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$2.02 |
Change
-0.070 ( 3.77 %) |
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| Open | High | Low | Volume | ||
| $2.09 | $2.09 | $2.02 | 73090 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| DVP (ASX) Chart |