I’m stumped !If Tianqi / IGO still want ESS for 50c why don’t...

I’m stumped !

If Tianqi / IGO still want ESS for 50c why don’t they
buy 20% on market for 43-45c
and then launch a takeover at 50c

2 things then can happen which are both a win for Tianqi/ IGO

Either they get to + 50% ownership ( imo ) or
they’ll flush out a higher bid and make a profit on their 20%. If Min want to stop them they’d have to launch there own takeover of at least 56c ( as they bought at 56c on market )
- then Tianqi / IGO would 1) make a decent profit on their 20%
. 2) have their vengeance on MIN for destroying their scheme in the first place.

I don’t understand how Tianqi / IGO can loose unless they don’t want ESS anymore for 50c - which seems like a good price to me

Previous posters have said that Tianqi wouldn’t want to bid against another Chinese company - Ganfeng. I don’t understand this logic. Firstly MIN is not Ganfeng - they have a partnership at Mt Marion but that’s all. MIN had no issues sabotaging Tianqi so why would there be an issue in reverse.

I just don’t understand how Tianqi can loose - you either pick up ESS at a good price or you make a decent quick profit and get some retribution on MIN for destroying your deal.

GLTAHs