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18/05/23
08:53
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Originally posted by cosmoman
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The "radar effect" would certainly have been more effective if Tim had rejected the 50c offer as too low.
Then we would have gotten the attention of the public that ESS have deserves with its valuable raw materials! I am convinced of that. If he /Tim wanted to use the Tianqi offer in favor of the shareholders, he should have rejected it rather than recommended it. Then we would probably be stable at 60-70c today instead of this roller coaster ride. Tim has to put up with this criticism because it is justified. IMHO.
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Its most likely ESS would have been prevented, by a confidentiality agreement, from disclosing the TLEA bid if it was not accepted by the board.