ESS essential metals limited

Hi Bluegoose. I had a quick look at EUR after your post. As far...

  1. 419 Posts.
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    Hi Bluegoose. I had a quick look at EUR after your post. As far as I can tell saying it will have a value of $750 mil USD after nasdaq listing is misleading. Hence EURs current Market cap of 150 mil AUD. My take from the quick read is it will be a new listing on Nasdaq where EUR will get 80% of shares in the new company and based on the NOMINAL value of those shares EUR will be worth $750 mil USD. If people really believed it will be worth $750 mil usd it wouldn’t be currently trading at $100 mil usd. I could be wrong but it would be like me saying I will form a new nasdaq listing of ESS where ESS shareholders will own 80% of shares in the new listing and I’ve decided the new listing will be worth $1 billion based on the nominal value I’m allocating to the new shares of $10 and hence ESS is worth $800mil. Correct me if I’m wrong. Otherwise we should all jump into EUR for a nominal 7x profit. GLTAHs


 
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