The market is still not paying attention, but ... Fortescue is a major shareholder and also a candidate for acquisition due to its interest in copper
mining. And I think Fortescue has other things to do than manipulate a stock price.
On the other hand, Fortescue stands for environmental friendliness and compatibility in the context
of its mining activities, which, by the way, should be an important criterion for the sensitive Peruvian
local residents.
The targeted 25% stake allows Fortescue a 25% discount compared to the market price in a
takeover bid. That's a word.
And even a normal market price enables a billion dollar business.
There's also financially strong competition out there, don't forget that.
One should also not forget that Peruvian pension funds, among others, but also the local
community are invested in shares in DNT. Here, at the latest, a "rip-off" would not go down well.
So let's relax, use the money from the capital increase to increase the value of the resource and
then get an offer on the table after Norte is completed.