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50.0¢ essential metals limited

Ann: Scheme Booklet Registered by ASIC, page-3

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Names little

17,831 Posts.

1249

15/09/23

20:00

Post #: 69880283
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Originally posted by Aquarius11 ↑

Interesting recommendation by the independent expert as to the valuation offering of , "Not fair but reasonable" for the DEV share offering to ESS shareholders. Looking at page 41, something like a $1 difference between the average valuation range ~$1.71-2.71 (from memory), but reasonable because of exposure to Pioneer Dome and the mining services assets by receiving DEV shares rather than cash

Is it too late for shareholders via HC to let it be known we want a better ratio of ESS shares (~6.18 from memory) to 1 DEV share. The price always looked on the low side to me, and subsequently lithium is down for the short term. Surely DEV / MIN believe lithium prices will rise in the medium term?.
What do others think.

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Hi Aquarius , It’s not fair, thanks MIN. I wonder what MIN are getting in return for accepting a “not fair” offer for their shares. Like let’s cut the crap re access to capital, MIN could fund the mine development out of petty cash if they wanted to.

ESS Price at posting: 47.0¢ Sentiment: None Disclosure: Held
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