He’s doing it on purpose to troll. Just ignore it.

First 2240 Last

Share
Profile

Follow
malvernmoe

1,084 Posts.

504

03/06/23

19:11

Post #: 68116487
Share

Originally posted by SpikeCanonBooks: ↑

Mate, how many times can you make the same two comments?

MIN do not "have their foot on ESS's throat" and nobody thinks that they are "a white knight".

MIN bought up 20% of ESS to stop a resource that could potentially be very valuable to them falling into a competitors hands.

They now own a strategic stake in ESS, but they do not have a controlling interest.

They have no actual control over ESS making offtake agreements or progressing with the project.

They can only stop other companies taking over ESS.

There is nothing wrong with what MIN has done, and if they were to make a bid it wouldn't be to 'save' us, it would be to take ownership of a valuable resource.

The issue for us is that Spencer signalled to the entire market that we don't want to go it alone by accepting the TLEA offer at that price.

Now, because of our board not because of MIN, we are in a tough spot where everyone knows we don't want to go it alone and a third party offer can be blocked.

The board can try to force MIN's hand with talks of a potential offtake but MIN aren't stupid.

I personally am of the opinion that the delay in MIN making a bid (if you can even call it that, its only been just over a month) is related to MIN's share price and has nothing to do with us.

I think MIN want to make a scrip offer, and would prefer to do so when their share price is a little stronger.

Expand

He’s doing it on purpose to troll. Just ignore it.

ESS Price at posting: 45.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

'Not possible' to port renewable gas: ACCC takes AGN to court

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

BOE

Boss extends June win streak with boosted Alta Mesa extraction rates

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

First 2240 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

He’s doing it on purpose to troll. Just ignore it.

Top Stories

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

'Not possible' to port renewable gas: ACCC takes AGN to court

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Boss extends June win streak with boosted Alta Mesa extraction rates

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Australia’s gas crisis is here – and dying coal plants aren’t helping

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

ASX Market Open: IPO hype, Wall Street ATHs push Aussies into green hope | June 27

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Featured News