Post by
nizza on Jul 25, 2024 7:00am
Good question
That's a legitimate question. I think one point could have been the further strategy.
For example, Joanne might have been interested in drilling and defining Norte, Sur and Verde first and then agreeing to a sale.
This could have been against Fortescue's interests.
Another possibility is that Joanne might have had the idea of separating the company shares that
might be sold from the rest or outspinning them - as was the case with Cobriza Metals.
Canyon Creek, for example, has nothing to do with Canariaco.
In principle, such a project could be separated out before the sale.
This in turn could again be against Fortescue's interests.
Whatever the case, my impression is that it might not do any harm if a breath of fresh air came in.
The pace and drive seem to have increased.
That is to be welcomed.