Probably because you believed the "Independent report" and the manipulated valuation ESS management asked their "independent" contractor to publish!!.
I wonder if the "Independent" contractor will still insist the scheme is in the best interests of shareholders or perhaps they will try to save face and support a better deal
.
Well done my ESS mates for holding on through what has been a very uncertain time with ESS management trying to force this sub-optimal deal down our throats and kind of threatening us that the SP would sink back to 30 cents.
Also, well done to those that have blocked out the noise from the Chinese manipulation of SPOT Lithium Carbonate prices, Goldman Sachs and friends talking down long-term Lithium pricing etc.
ESS is one of my smaller and more speculative holdings in the Lithium space, but it is clear to see that the largest players in the Lithium market such as Albermarle, IGO/Tianqi and MINres all see a lot of value in undeveloped resources that are JORC compliant, in Tier 1 locations, close to surface and ready to mine. I trust the large players in the industry for my forward projections, health of the market and long term prospects.
Hopefully MIN give us a high knockout bid to take the lot, and not just block this one and wait.
Next week should be very interesting to say the least!!
