If MIN were to offer a kind of knockout bid, they may be...

If MIN were to offer a kind of knockout bid, they may be inclined to do this with scrip (MIN shares) or a combination of scrip and cash.

I would be more than happy with a bunch of MIN shares if they are offering a very tidy premium price.

We can then hold the MIN shares if we want and maintain our CGT history of when ESS shares were purchased, or sell MIN shares if inclined.

I have always liked MIN and think they are an exceptionally well-run company, and that their Lithium assets are undervalued. No doubt Chris Ellison is working towards spinning off all or part of the business in due course (once assets are acquired globally to give them an international footprint) with a NASDAQ listing or the like at a huge premium price.

I don't really want to pay A$80/share for MIN right now as I have my other favourite Lithium stocks to top up on.

However, I would probably be quite happy with a 1 for 100 type deal (ideally even better would be nice please Chris ) for ESS : MIN scrip offer. This would yield about an 80 cent bid price.

That kind of gives us all the best of both worlds. A good premium on the current SP for ESS, a good deal for MIN, and a holding in a truly great quality Australian Mining company paying dividends with excellent upside to retain if we want, or sell if we want.

This is a much better outcome than getting peanuts in cash as the Scheme would have yielded had it gone ahead with management's urging.

Fingers crossed for a nice TH and then huge T/O bid on Monday morning perhaps??. Let the fireworks begin!!