all in all, we as shareholders have a very comfortable starting...

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cosmoman

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17/04/23

22:45

Post #: 67321840
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Originally posted by w27 ↑

There are other players beside MIN and IGO. I have a top 20 dated 13/4/23. Ten of the 20 holdings are nominee holdings. The total share is 81m. There have been three very heavy trading days since - my guess is about 40m shares on those days. I would assume that most of the buying was by sophisticated investors. Something close to half the company's shares are in tight hands. IGO has made a presentation to investors where they expressed excitement about the increase in value to them from their takeover of ESS. MIN are not going away and there are probably 70m shares in the hands of others. A lot of those shares have been purchased at above the scheme price. There is a whole lot to play out here before the matter is settled.

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all in all, we as shareholders have a very comfortable starting point. We can assume that on thursday there will be a vote against the sheme and the pathetic 50c bid. Next we have at least MIN as another bidder in addition to TLEA. I assume that among the top 20 there will be one or two other interested parties. Let the bidding war begin. What more do we want??

I am sure that the above mix of possibilities will get very soon share prices above the 1 AU$. AIMHO. GLTA

ESS Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
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all in all, we as shareholders have a very comfortable starting...

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