Ann: Becoming a substantial holder from MIN, page-64

At the very least Min wants to block the scheme if not mount their own takeover bid. The 50c scheme is dead. Surely IGO/tianqi either make a takeover bid, raise the scheme offer or walk away. Worst case scenario - IGO/tianqi walk away and Min don’t make a bid. But we’re left with Min clearly interested in pioneer as a partner in developing it as a 20% holder. If this was to happen surely ESS would trade at about 50c a share if not more. Best case scenario - a full blown takeover war which would push price much higher - $1 not out of the question. To me this risk/reward is a hold at 58c and I don’t expect it to trade lower Mon. GLTAHs ppl