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Ann: IGO: Lithium Joint Venture to Acquire Essential Metals Limit, page-112

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Maltisani

869 Posts.

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09/01/23

13:53

Post #: 65597612
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Originally posted by Gmeister: ↑

Apologies if someone has already posted about the Top 20.

I think a definite hurdle for the offer, if the generally unhappy tone is widespread across all of us retail, is the fact that the percentage shares of Top 20 is very low, only 21.5%:

https://www.asx.com.au/asxpdf/20220928/pdf/45flwrldw20gjh.pdf

And the percentage of small investors is very high, at least 40%, could be a lot higher 50-60%.

Despite the Board endorsement, a no vote may have a chance. Where that leads to is anyone's guess?

GLTAH!

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You make a very good point.

This has quite a low Top 20 percentage compared to most junior explorer/developers.

I very much doubt they will get 75% unless they sharpen their pencils significantly!

ESS Price at posting: 48.0¢ Sentiment: Hold Disclosure: Held
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Ann: IGO: Lithium Joint Venture to Acquire Essential Metals Limit, page-112

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