The mood here corresponds to the share price
You can't blame anyone for that.
I might even go so far as to say that it takes a lot to be a long-term investor in Alta.
It's almost unreasonable, actually.
Alta has everything it takes to be world class and yet the share price is still idling.
Is there perhaps market manipulation at play?
Or is the market pricing in the uncertainty of the community's vote?
But apart from that, there are still good reasons why we are all invested here.
By the way, greetings to grasshopper1959 and all the other longs.
I've been here since 2006. You inevitably become hardened.
I've checked the situation over and over again over the years and always come to the same conclusion.
That's why I've been here for 18 years and have continuously expanded my position over the years.
I think I read from GB in 2022/2023 or heard in a presentation that he sees a minimum takeover
price of around USD 320 million.
He is significantly invested and is increasing his stake.
And a price of USD 320 million would be around 3 cents per p copper measured and indicated.
That was already the lower limit in 2011/2012.
Now we have 2024, lots of inflation and rising copper demand as well as falling copper contents in the mines.
The other shareholders with significant positions know these facts and they are not invested here to be ripped off.
All those who are invested in Alta have a say.
So count your shares and trust that the non-Fortescue shareholders agree on the point of achieving
a fair and market-based takeover price.
And I am sure they will vote no if Fortescue becomes dubious.