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50.0¢ essential metals limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-50

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InItEarly

3,203 Posts.

1040

27/01/23

16:18

Post #: 65913278
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Originally posted by w27: ↑

That is sensible comment. There is a lot of abuse of management here. But where can management go if the market (current shareholders) will not pay much more than 30 cents for a share of ESS? At what price can they raise funds for further development? What is the dilution after raising sufficient funds to build a plant? Management have made a decision that the current course is in the best interests of shareholders. We don't know exactly what the strategy (hopes) of the directors is. Personally, I believe that they are on a high-risk journey. This still has a long way to go, and we will see how it pans out in three months or so. Here's hoping.

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Respectfully disagree.

The price does not reflect the value of the resource - it reflects the likelihood that management will realise its full market value by getting it out of the ground before the structural market imbalance sees material correction.

ESS Price at posting: 51.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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