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Ann: Termination of TLEA Scheme implementation agreement, page-38

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Milcom

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21/04/23

11:01

Post #: 67392313
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Originally posted by Schmucky: ↑

Termination of the Scheme means the stand still provisions likely in the documents don't apply. This would likely mean that TLEA can build a stake similar to MIN. It would make sense that MIN comes in with an offer quickly to push up the price and prevent TLEA from building a stake on the cheap. MIN has been super aggressive this time round with their 20% stake and will most likely come back with a scrip bid to mop up the remainder. Its just a matter of when and if their initial buy is anything to come by it will be soon.

The longer they wait, the more chance another party could mop up a stake similar to theirs and hamper their own efforts to consolidate the region.

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This right there. TLEA should do the same as MIN to keep MIN from acquiring this asset. Maybe they are already buying today, they dont even need to pay up as nervous nellies are selling down anyway and plenty of volume

ESS Price at posting: 47.0¢ Sentiment: None Disclosure: Held
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Ann: Termination of TLEA Scheme implementation agreement, page-38

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