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ESS essential metals limited

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"..carry out a farm in agreement..."A VERY BAD outcome for ESS...

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readyaimfire

12,767 Posts.

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03/05/23

11:46

Post #: 67583233
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Originally posted by Bailey241 ↑

https://www.theaustralian.com.au/bu...a/news-story/4d8744465b551c6cdabed9777c116de9

"Speaking to DataRoom after his presentation at the Macquarie Australia Conference, Mr Ellison said Essential Metals was highly strategic for its business.
“We are yet to have a discussion with management.
“We don’t want to be aggressive,” he said.“
We want to work with them.”
Mineral Resources last month thwarted a buyout attempt of Essential Metals by acquiring 19.55 per cent of the company then voting against a 50c a share buyout proposal by IGO and Tianqi.
He paid 58c a share for his interest to ensure the deal wouldn’t go through.
His interest in the $120m company is because it has been accumulating a lot of land in that area that provides a lot of exploration opportunities.
Mr Ellison said he was uncertain whether MinRes would bid for Essential Metals and may carry out a farm in agreement over its mining opportunities."

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"..carry out a farm in agreement..."A VERY BAD outcome for ESS holders if it came to pass!

ESS Price at posting: 44.0¢ Sentiment: None Disclosure: Held
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"..carry out a farm in agreement..."A VERY BAD outcome for ESS...

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