DVP SP could be held low by design to pin down ESS for accumulation. 42% of ESS shares on issue have been traded since TLEA termination. "Friendly instos" would have bought on market before and after the merger announcement. 5 more weeks to go before vote, still some time left to squeeze out more holders. I think the ESS deal is as good as done since the team has already started work on PD and there is upcoming BB 3-day road show 18-20 Sep - why bother if this wasn't a sure thing. Buy at discount, long term no brainer. Contractors and underwriter happy to accept $3.20 - means fair value $3.50 at least come Nov/Dec. Interesting to see how DVP fits into the emerging lithium province. MINres looks to be consolidating the region and it would be awesome if DVP was the exclusive UG contractor. Been down these trenches before, if you believe the story, add more and hold?
ESS Price at posting:
41.0¢ Sentiment: Hold Disclosure: Not Held
