A good external purchase offer needs 66% approval The Filo deal seems to be very good for shareholders.
One may ask why the copper deposits were paid so well.
I see a certain buying pressure in the price paid.
Everyone knows that we are heading for a copper shortage.
Many market participants are expecting prices of around USD 15,000 /T copper in 2025.
This also increases the resource value of our Canariaco project.
Why shouldn't there be an external offer?
If the buying pressure is already high, it should be significantly higher in 2025, shouldn't it?
So why shouldn't one or two majors express interest and make an offer?
Wouldn't it be the case that an interesting offer would need 66% approval?
Even if Fortescue voted against it, would 69% of shareholders perhaps agree?