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Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises about 97 square kilometers of highly prospective land located about 102 kilometers (km) northeast of the City of Chiclayo, Peru, which includes the advanced stage Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW trend in northern Peru’s mining district. The Company also holds other earlier stage base metal properties located in Peru and Canada. Its other projects include Don Gregorio property, Arikepay Copper-Gold Porphyry Discovery, and Canyon Creek property. Don Gregorio property is a copper-gold porphyry target located in northern Peru.


TSX:ATCU - Post by User

Post by horsewithnonameon Jun 16, 2024 2:43pm
195 Views
Post# 36091224

Fortescue´s dilemma

Fortescue´s dilemmaFortescue holds 30%, it is clear they want the property - it fits perfect in their future strategy and portfolio.
But Fortescue is in a dilema - 30% does not mean control, and in case of take over from them they would not be able to vote, I assume even in the board the directors from Fortescue  would be in a conflict of interest and have to remain silent. 
So the dilemma is - how to approach this take over, so far we have seen that there is no problem to use money as an incentive. Fortescue has paid well over market prices in these recent private placements. But what if the share prices now starts to run away, especially if the drill permit comes in. How can you put forward a take over bid without fears of running behind the curve in copper supercycle world everybody is dreaming. 
If I would be Fortescue I would table a fair take over bit that shareholders can not resist - I agree 300 million for the outstanding 68% of shares is fair and I would not resist. Fortescue this is your chance - use it.
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