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ESS essential metals limited

0.00%

50.0¢

Once they scuppered the SoA and put a foot on ESS throat they...

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readyaimfire

12,767 Posts.

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16/05/23

14:41

Post #: 67801012
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Originally posted by gberra ↑

A bid under 50c would not do well while the current share price is 48.5 c. Volume and share price gradually building the last few days. Tim has told us there’s a better mood now while discussing with potential offtake or JV partners . If MIN wants to make a bid they would want to do it before a deal is signed. A backdrop of a gradually rising share price, lithium price and mood in the lithium space makes me think MIN wouldn’t want to wait too long if they do want ESS. No guarantee of course but they didn’t want to risk Tianqi / IGO owning ESS so they must have at least thought that they wanted to keep the option of taking over ESS available rather than have it taken away by Tianqi / IGO. GLTAHs

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Once they scuppered the SoA and put a foot on ESS throat they created their option.

ESS Price at posting: 48.5¢ Sentiment: None Disclosure: Held
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Once they scuppered the SoA and put a foot on ESS throat they...

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