Ann: Becoming a substantial holder from MIN, page-87

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17/04/23

05:11

Post #: 67302444
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Originally posted by Bluegoose: ↑

It will be an interesting week ahead.

I'm trying to anticipate what may happen but it seems difficult.

If the Scheme meeting is set to go ahead on Thursday (can they stop it beforehand??) even though it's a dead duck, does that give MIN an opportunity to make a T/O offer and keep acquiring more shares at around their offer price (whatever that may be) and get to say 30% of the company by Thursday?.

Or are they content to sit on their near 20% and wait for IGO to make another move, or walk away.

As I've said, I'm leaning towards thinking MIN will be making a bid in the next couple of weeks. It would be nice if it's Monday so we all know what's going on but we may need to have some patience.

Whatever the strategy of both IGO and MIN, I very much doubt we are ever going below 50 cents again (sorry to inform you Timmy!!), and I would expect things to end up well north of 60 cents, and preferably 80+ cents (1or more MIN share for every ESS share).

I've been kicking myself for not owning LTR along the way and seeing the fun they are having with ALB offers.

But now we get to be part of a fun game seeing where this all ends up and hopefully make a lot more cash out of it than Friday's close.

I'll be watching the announcements tomorrow with excitement and getting ready to celebrate if we have a nice win in due course as it's been tough to stay the course with ESS.

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Hi Bluegoose, re your comment "1 or more MIN share for every ESS share"

Would be nice but not likely with MIN shares trading at nearly $80.

ESS Price at posting: 58.0¢ Sentiment: None Disclosure: Held
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Ann: Becoming a substantial holder from MIN, page-87

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