Takeover target Essential Metals (ASX:ESS) was one of those that barely moved, adding a paltry 1c to its start of the day share price.
That lack of movement might change soon however, as ESS boss Tim Spencer resumed offtake talks with potential partners last week after six months hiatus from M&A deals forced by a previous takeover attempt by IGO and Tianqi.
Buyers from China, Japan and South Korea are circling, so it shouldn’t take too long before we hear something worth talking about.
A competitive offer for the company from Chris Ellison’s Mineral Resources (ASX:MIN) hasn’t surfaced either since MIN bought a 20% chunk of the explorer in April.
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https://www. s t o c k h e a d.com.au/resources/eye-on-lithium-mss-seek-to-shield-from-effects-of-bad-weather/%3famp?espv=1
Takeover target Essential Metals (ASX:ESS) was one of those that...
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