RE:RE:FORTESCUE METALS CONTINUES TO INVEST IN ALTA COPPER ATCU From what I understand Fortescue has chosen to maintain their 25.4% in Alta Copper by using their preemptive right to do so. This to me is a clear signal that they are in it and want it, they are not in it for the trade, they are in it for the copper Alta owns. Going any higher than the 25.4% is going to require a vote by the shareholders so the notion that they are going to slowly takeover is not plausible.
The new direction of the company over the past year is going to be beneficial for all stakeholders and I'm very interested in the coming drill program and how many more billions of pounds of copper they are going to have.