Ann: Mineral Resources Shareholding in Essential Metals, page-33

I'm guessing due to there being no announcement from MIN, some people took profits.

But thinking it through as per above in the thread, It was probably somewhat unlikely MIN would make an offer just yet until after the failed Scheme vote and potentially even some sort of announcement by TLEA.

Given that MIN bought all the way up to about 58 cents, and quite a few above the closing price today of 54 cents, I'm comfortable that they see value in those purchases and we will likely realise a 60 cents+ outcome in due course. How much higher depends on whether we have 1 or 2 keen bidders - just like a house auction!!.

There is always risk - but that's the game.

We appear to be in a backdrop of a turning point (from negative to neutral or positive) in the Lithium market. So if this drags on a bit, it probably won't hurt our chances of getting a good deal as the Lithium prices start to improve again in China in due course.

Looking forward to the games over the coming weeks and months.