ESS worth 40c to 45c tops given the fall in lithium price. Please don't overpay. Why don't MIN buy the lot themselves. Why dilute DVP? Cheaper way of gaining control of ESS or throwing a bone here?
Hate to be the bad guy here, 1 or 2 misses nobody's perfect but a series of inconsistencies becomes a pattern.
"There will be no dilution" - 60M shares will be issued this year?
"We are not afraid of big projects" - screw LTR we are too busy now?
"SS DFS early 2023" "SS will be a mine" - DFS released late and no further funds allocated
"We have an ASX 100 board" "We don't want to go into ASX 100" - Forget ASX 100, not even ASX 300 after 2 years!
NST Paulens acquisition (May 2010) to maiden dividend (Sep 2012) took 29 months. VXR re-cap July 2021 and by Nov 2023 it will be 29 months.
One thing to run the machine with other people's money. Entirely different ball game to buy the machine risking your own money. Just saying.
Ann: DVP & ESS Transformational Transaction, page-248
Add DVP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.10 |
Change
0.085(4.23%) |
Mkt cap ! $531.5M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.11 | $2.00 | $927.6K | 452.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 26850 | $2.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.10 | 5700 | 4 |
View Market Depth
| Last trade - 15.26pm 11/07/2024 (20 minute delay) ? |
| DVP (ASX) Chart |