the upside is it is still 105,000t of Li2O which is worth something. If the lithium bull run comes back this will still get re-rated as its worth $$$. But I think the upside in share price is very limited. No more dreaming of a ten bagger. I once stated that if someone launches a takeover at 70 cents most would be happy and got howled down.
Now I reckon most here would take 70 cents in a heartbeat.
Also have to remember someone tried to take this over in the 50's not long ago.
Will likely dip into the 20's now. One day the bull might come back. However, I for one will not accumulate.
Tim Spencer strikes me as a very poor operator
ESS Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held