I think you are delusional. Was trading near 30c before the bid....

I think you are delusional. Was trading near 30c before the bid. Mining lease was hardly an unknown and doesn't add any value which the market hadnt factored in. Lithium stocks have been battered since then and ESS would have fallen with all of them. You actually believe it would have bucked the trend? c'mon pal. ESS still would need to raise money as well.
20c to 25c would be my guess. No upside to the resource, no money to drill and who is gonna fund the capex.

Takeover was a get outta jail free card, management know it hence they took it.