The DVP shareholders want ESS shareholders to see this as a merger that doesn’t require a takeover premium. How convenient for them. A merger might be, for example, when 2 large gold mining companies would both benefit from synergies if they combined. What we have here is investors who wanted to invest in the Lithium space, (ESS ), being taken over by a company that has Zinc and Copper deposits plus mining contracting. Not what ESS shareholders wanted to invest in. If anything BB has realised that it’s not a great time to invest in Cu or Zn but a good time to diversify into Li. Without a takeover premium ESS won’t vote for this IMO. At the current share price I give it a 50% chance of success imo.
The DVP shareholders want ESS shareholders to see this as a...
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Last
$1.99 |
Change
0.025(1.28%) |
Mkt cap ! $512.2M | |||
| Open | High | Low | Value | Volume |
| $1.97 | $2.05 | $1.97 | $1.606M | 799.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3536 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 3169 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| DVP (ASX) Chart |