Ann: Scheme Booklet Registered by ASIC, page-32

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Billybunt

144 Posts.

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18/09/23

21:12

Post #: 69907166
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Originally posted by Names little: ↑

Hi Billy, to me it's likely that the combined operation may have more chance of developing our assets but the problem is we will only represent 18% of the combined company, so others get 82% of our assets plus 82% of any upside.

So in return for giving away 82% of our project and the hoped for upside what do we get in return. Well basically 18% of DVP assets, so to me it's a case of whether that's a fair exchange. I had concerns over the value of their assets versus their market cap and they were reinforced by the Independent Expert report in my opinion. Independent Expert says it's not fair and when you look at the numbers it's unfair by quite a hefty amount. It's not just 1 or 2c a share.

The issue I have isn't what ESS was valued at, it's the low valn the IE placed on the sum of DVP assets, substantially below their market cap. So is the DVP market cap bloated or is the IE valn conservative. Maybe a bit of both.

Anyway good luck with whatever decision you come to.

All just in my humble opinion

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I appreciate your perspective and it’s a bit more food for thought.

I just think DVP have more potential to realise the upside compared to the present board.

Ideally I’d like someone else to swoop in but we have a major shareholder that won’t let that happen, IMHO.

ESS Price at posting: 46.5¢ Sentiment: Hold Disclosure: Held
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Ann: Scheme Booklet Registered by ASIC, page-32

Top Stories

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

GreenX picks up prospective copper project in Germany

Venture to sniff out high-grade REE targets at Jupiter project, WA

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