Ann: Mineral Resources Shareholding in Essential Metals, page-90

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Adamstown

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18/04/23

18:52

Post #: 67340272
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Originally posted by Bluegoose: ↑

I'm hanging tough.

I don't see the TLEA just walking away without a fight given they have put Pioneer Dome in their company presentations for part of their growth plans.

At a minimum, they will want to make MIN pay more for spoiling their plans of getting a bargain.

And even if TLEA do walk away (which would be very fickle and a sook), then I think MIN won't dither around for too long and will make an offer at say 60 cents minimum to get a decent chunk of the company to accept.

I see the odds of TLEA walking away AND MIN doing nothing for months and months fairly small - perhaps a 10% chance.

Hence I reckon there's a 90% chance of EITHER TLEA sweetening their bid AND/OR MIN making a bid in the next month or so.

Also, in the worst case scenario of both TLEA and MIN doing nothing, then they are both risking the lithium market recovering substantially in coming months and making the current SP loo too cheap after all.

Time will tell and the game of chess continues!!

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Lol as a LONG term holder, if anyone can make your 10% happen it is PIO/ESS. Obviously, I am hoping that your 90% is what happens

ESS Price at posting: 51.5¢ Sentiment: Hold Disclosure: Held
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Ann: Mineral Resources Shareholding in Essential Metals, page-90

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