Post by
horsewithnoname on Jul 05, 2024 4:04am
Share price development and take over
The shareprice development will not only be a key indicator regarding the seriousness of a take over but more importantly impact on the the takeover strategy overall. As long as the the share price appreciation is slow and we are still well below levels seen in previous times of comparable economic environments, as well as we are well below the developments seen for example at the copper producer levels Fortescues interest will be in slowing down any increase while still derisking the project at the same time. I think it is clear to all that ATCU is undervalued significantly, whether it is 200% or 1000% is not so important today, but will be decided at the time of the sale and this will depend on numerous currently unknown factors - e.g. copper price, number of interested parties, coherence of the ATCU shareholders and the role of the board. For now Fortescues focus must be to limit share price gains, limit unnecessary dilution, while derisking the project at the same time. I see it is playing its cards on all of these issues, some are in favor of Fortescue only eg. limit share price appreciation, others are in our common intererst of existing shareholders e.g. limit unnecessary diluton, derisking. So for example if we can get the share price rolling, Fortescue might be forced to show their cards earlier. Maybe we are at a turning point for the next move up, if permits are coming I would expect another 100% to 1.2 CAD very quickly. GLTA
Comment by
ForesstGump on Jul 05, 2024 6:31am
Permits might take. I want them to make a good offer soon, especially that copper is up.