Appears management considered this assumed 70c offer significant enough to consider and let the market know. Unfortunately must have been leaks aplenty and insiders bidding up the SP from these sort of levels to this assumed price offer.
With the MRE and SS upcoming up they would have tell interested parties with any TO offers to come back at least after the SS.
The SS should get us to Fair Value you would hope closer to that 300m MC mark.
On another point, I see CXO 'rejected' any offer Tesla made for an offtake. Tesla trying to squeeze CXO out of the current market pricings into a price ceiling I expect, CXO better to sell on the Spot market.
Isn't that what Tim suggested in the latest Webinar - happy to work with an offtake with a price flooring to protect the project which would also come with a price Ceiling ?
The market would certainly wake up if we scored an offtake with Tesla - even with an encumbering price ceiling.
ESS Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
