Hi Trouser, after it great run up the MIN chart is starting to...

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Names little

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19/05/23

10:38

Post #: 67859405
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Originally posted by trousergecko: ↑

To be honest I think this part of the cycle in TO is a game....

Ellison would have been very happy to see the share price drift down. Ellison can easily bid

"at a 30%" premium to volume weighted average share price, seems attractive at a scrip offer offer of around 60c equivalent, typical opening bid. I do hope MIN shares stay suppressed for best possible exchange rate, I guess around 1:125 as a first bid.

I expect a bid before the 4 months, because ESS as we know has the offtake process, vetting customers short list. Seems from Ellison comments MIN wasnt involved.

Because less than 4 months has to bid above the last purchase price we think around 57-58c.

As the tide turns on Lithium more reason to launch nowish, or end up a minority shareholder supplying Lithium cheaply to a competitor and loosing all the prospective realestate.

ESS estate is so very attractive. I dont understand why even bigger companies like S32 arent getting into Lithium in a big way given their long track record with WA mining environment.

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Hi Trouser, after it great run up the MIN chart is starting to look a bit fragile. Obviously from MIN perspective if they were looking at a scrip bid they would likely like to take advantage of their high share price, as they did for the NWE takeover.

ESS Price at posting: 49.5¢ Sentiment: None Disclosure: Held
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Hi Trouser, after it great run up the MIN chart is starting to...

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