RE:Minimum priceThe Noront/Fortescue purchase was completed fruitfully because BHP was a white knight competing for the nickel resource and there was no Bonaficio and the Fortescue was the single largest shareholder with 37% of Noront.
Fortescue had to raise its price because BHP was lurking around. If we don't have a white knight Fortescue will take Alta Coopper for nothing. Billionaire Fortescue CEO Andrew Forrest is a shreud businessman.
We cannot just rely on the value of the resource hence the need for the poison pill which no longer exists. I would think the TSX does not look kindly on this obvious under the radar operations of Fortescue. I think shareholders need to be more attentive to their investments and demand fair treatment.