RE:RE:RE:RE:RE:RE:RE:Could there be a vote of no-confidence to the boardeartotheground wrote: Agreed it is ridiculous to talk about any price less than $3/share for Alta Copper as that is only $270 million which means Fortescue only needs to pony up $186 million. They can go to $4/share and not even blink as they only pay $250 million. Shareholders will get paid. $4.50/share or $400 million and all shareholders will agree guaranteed. Fortescue doesn't want BHP, KGHM or RIO in the game.
I talk to them instead of just getting my information from the cesspool of social media.
you are 100% correct Fortescue does not want bhp, kghm or rio in the game. However Fortescue management are ruthless. You need to be in this business to succeed. So, what is Fortescue management doing to eliminate the competition. They have already gotten rid of all original stakeholders from the board. What is the next step? Make the resources unattractive? make the stock price unattractive?
Whatever Fortescue's next move in the cat and mouse game, it will most likely be something out of right field that no one thought of and it will be indefensible and irreversable. Fortescue will be the only winner. It's a ruthless business.