I agree, also being a WGO holder in takeover (as well as NWE)... now wish I had have considered STX offer as the most attractive option, I am not so friendly with Gina as MIN was. The failure of LD-2 definitely shifted the dynamics, largely unpredictable given the high certainity ascribed to LD-2. Life
I cant really see either group hol-ing out too long for a full tilt.
I think TLEA made a mistake, they should have gone as hard as they could from the get-go. They came in with a very underwhelming bid, and left plenty of room for MIN to suddenly build to just under 20%, some like minded orgs happy to seel into MIN.
Buying supported by MIN has stopped they had to stop or go for takeover Monday. TLEA will fail vote. Now TLEA needs to work out how high they will go to retain momentum, or could backway... giving up on the Goose. I dont tink they will, but may. MIN can now still come in with a 60c bid, while TLEA prevaricates.
For me there is the outlined resource fo 11Mt at 1.2%, Tim never intended to mine,company setup for this type of advance.... this unpins the bid, it is more about land holding and future beyond that point, location, infra-structure, running the pegamitite belt in that area of world, western side, Kal maybe a battery processing hub into the future. MIN can not stay at 20%, ESS and timelines and exploration schedule arent on its hit list. Board should not be happy with MIN non-bid at this stage...
Ann: Mineral Resources Shareholding in Essential Metals, page-79
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