Australia's largest stock trading and investment forum Australia's #1 stock forum

ESS essential metals limited

0.00%

50.0¢

Could 53c be the price at which accumulation is...

First 13 Last

Share
Profile

Follow
bullwinklemoose

1,722 Posts.

246

03/02/23

12:20

Post #: 66053088
Share

Originally posted by gberra: ↑

Potential 2nd bidders often try to accumulate shares first after an initial bidder. When a company is about to make the first bid this doesn’t tend to happen as much as they don’t want to push the price up too much before they make a bid. In fact often a share price is suppressed and push downwards before a bid is made to try to make a bid premium look even bigger. This may have even occurred with ESS before the initial bid. This is Not the case with second bidders as you can’t really push the price down as there is already a bid in place.

Expand

Could 53c be the price at which accumulation is occurring?!
Soaking up all the selling.. then reloads
Seems to be an endless supply coming on the bid side and every morning this week.

ESS Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

First 13 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Could 53c be the price at which accumulation is...

Top Stories

Monash IVF shares cater 25% – Disaster or deep-value play?

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Australia’s gas crisis is here – and dying coal plants aren’t helping

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Featured News