It all depends on DVPs share price. If the scheme goes ahead ESS...

It all depends on DVPs share price. If the scheme goes ahead ESS shares get converted to DVP shares at 6.18 to 1. It’s a shame they announced a capital raise at the same time. This will prob drop the share price a bit towards 3.20 ( value of 52c / share ), but it’s mostly underwritten and there isn’t much available to shareholders - 1:29 pro rata so I would have thought it wouldn’t go down all the way to 3.20. Looks like a floor value of 52c / share for ESS in 4 months to me assuming no increase in offer and no other bidders. GLTAHs