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Fortescue Ltd V.FMG


Primary Symbol: FSUMF

Steel Steel
Fortescue Ltd is an Australia-based integrated green technology, energy, and metals company. The Company operates through two segments: Metals, and Energy. The Metals segment is engaged in the exploration, development, production, processing, sale and transportation of iron ore, and the exploration for other minerals. The Energy segment is engaged in the development of green electricity, green hydrogen, and green ammonia projects. Through its growth project Iron Bridge and its interest in the Belinga Iron Ore Project in Gabon, it is investing in the growth of its iron ore business. Its integrated operations in the Pilbara include the Chichester, Solomon and Western mining hubs. Its mining infrastructure is connected to the five berth Herb Elliott Port and Judith Street Harbour towage facility in Port Hedland. The Solomon Hub in the Hamersley Ranges is located 60 kilometers (km) north of Tom Price and 120km to the west of the Chichester Hub.


OTCQX:FSUMF - Post by User

Fortescue Ltd > Whats taking so long ?
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Comment by baystock1on Aug 10, 2019 5:10pm
222 Views
Post# 30015053

RE:Whats taking so long ?

RE:Whats taking so long ?Reading between the lines, no news is bad news.  I think fmg's claim on the mexican assets is tenuous and so I am mentally considering it now to be effectively a shell with no solid assets.  I think they will need to come up with a new replacement asset, before they can/should start trading again and this will take some time probably many weeks. It could take longer if Jim is not as well connected as some people have claimed him to be. That is the bad news.  The good news is with POG at $1500 we are really close to seeing a crazy bull market in juniors once again and so there should be plenty of opportunity for a shell company with a market cap that is barely over 1/2 million US$ to get significantly revalued with the right project.
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Dealroom for high-potential pre-IPO opportunities