So what event prompted Fortescue to make us an offer? If Fortescue is interested in a takeover, the question is which event will trigger the final decision to make an offer to the 69% shareholders.
Quote:
“The company has choices in front of it … we have a lot of copper options on the table. And when we feel the time is right, we’ll pull the trigger,” Andrew Forrest said during a visit to Beijing.
Was it already the last optimized PEA with brilliant figures?
When we see that these were published in May and at the general meeting 6 weeks later, Fortescue withdrew the trust of long-serving directors, the question arises as to whether these things are related?
Is there a plan to take over soon?
Because an extensive drilling program with a potential increase in copper resources by up to 50% should, in my view, have a significant influence on a potential purchase price.
And not only that. Because many market participants expect copper prices to rise to up to USD 15,000 per tonne of copper by 2025, which would be USD 6.8 per p Cu.
That would also be a point that could drive up the purchase price.
If I understand correctly, the after-tax NPV would rise significantly:
It would then be USD 7,135 million
In comparison to the competition, these are very good figures in my view.
Fortescue must not have missed that either.
So what event prompted Fortescue to make us an offer?