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clock Created with Sketch. 16/08/23
10:26
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Originally posted by gberra:
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I’ll be voting No at the current DVP price or if it goes lower. If ESS holders wanted to be DVP holders they would have bought DVP shares. If DVP wants to do a script takeover there needs to be a decent takeover premium to compensate ESS shareholders for owning shares in a company they didn’t choose to invest in. At current DVP share price the takeover values ESS at 48.5c, ie lower than the old 50c cash bid by Tianqi and a pretty small premium to ESS share price before DVP’s takeover announcement. I’d rather hold onto the resource at this price. A open pit Li resource with a mining lease has value. Particularly when the Li price heats up again in the coming years.
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I agree. At these levels I would be calling it a takeunder, not a takeover.
