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ESS essential metals limited

0.00%

50.0¢

Ann: IGO: Lithium Joint Venture to Acquire Essential Metals Limit, page-21

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gazzah

447 Posts.

46

09/01/23

08:49

Post #: 65589956
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Originally posted by WhatsTheTip: ↑

Its an opening bid that puts ESS into play. Now others also run their ruler over what ESS has and its potential. If no-one else comes up with a higher value then A$0.50 is a fair price. If someone else determines that there is more value, a higher bid gets added to the mix. If the market fairly quickly starts to trade above A$0.50 then there is an expectation a higher bid will emerge.

If lithium stock prices rally by the time the independent expert report is written, it may recommend a fair value that has a lower end above A$0.50. The haggling then begins and frequently the potential acquirer increases their bid to at least the bottom end of the recommended fair value range.

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I agree , its up to us shareholders to decide on the offer not just the directors they will do what shareholders want. The ball has started to roll.

ESS Price at posting: 34.5¢ Sentiment: Hold Disclosure: Held
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Ann: IGO: Lithium Joint Venture to Acquire Essential Metals Limit, page-21

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