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ESS essential metals limited

0.00%

50.0¢

Ann: Scheme Booklet Registered by ASIC, page-52

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trousergecko

5,319 Posts.

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20/09/23

16:23

Post #: 69940432
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Originally posted by w27: ↑

Just for another opinion; Morningstar has DVP at a fair value of $4.32! MIN will vote their shares and there will be another 4% committed with Directors and bits and pieces. At most of these things only 50% of outstanding shares are voted. It requires 75% of shares voting to get over the line, so with 25% in the bag they only need 60% of others voting to get over the line. Given the churn of sales of DVP to finance purchase of ESS as a good trade and new people buying ESS for a cheap entry to ESS that looks like a done deal to me.

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Morningstar is a joke, the algorithm part of it is hopeless... sorry to say. I have seen so SO many companies misvalued by that tool.... might as well have a dart board for small and mid sized companies, espcially in the resource space. Anyone who reads is reading a horoscope.

Relative to DVP ESS is a much safer bet at the offered ratio, about a 40% better bet in my head.

I have no intention of accepting as things stand today.

But goodluck with DVP, hope it makes you a mint.... somehow?

Last edited by trousergecko: 20/09/23

ESS Price at posting: 47.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Scheme Booklet Registered by ASIC, page-52

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