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50.0¢ essential metals limited

Interestingly the current share price is where it was when ESS...

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northeasttrader

751 Posts.

137

01/11/22

12:22

Post #: 64521796
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Originally posted by ironman100: ↑

"ESS will be taken over."

I also think there would be a very good chance of that happening, sooner than most think.
If I was looking to acquire ESS's Li asset the timing could be somewhere after the SS and prior to the Offtakes or cornerstone investor/partner~ Feb next year??

I think if we see $1.25 at that stage after the SS, With an additional 30% premium by an offer by the Suitor then a lot of punters would take that.
This premium will of course depend on the SS economics which have already been described by Tim as 'Mind-blowing' @ Spod prices of US $2500

If this initial offer then starts a bidding war then great for holders, but for the long term investors seeing this though to mining will maximize the value of the North Dome project.

Either way it would be a win for ESS holders or a big win if no takeover eventuates.

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Interestingly the current share price is where it was when ESS were approached re a takeover before share price rocketed to 73c between the approach and the trading halt being lifted. Again current share price lends itself to another opportunistic bid but this time at a higher level considering ESS is more advanced than back in April this year.

ESS Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
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