Post by
horsewithnoname on Jul 23, 2024 11:02am
Fortescue and next PP
Curious how Fortescue will engage in the next PP - how much market premium will they offer - I think it could be 1 dollar - or another 10% of the outstanding shares - would still be a good bargain, for the following take over - I think it will be over 2 dollars per share.
Comment by
ForesstGump on Jul 23, 2024 11:24am
Funny how there is practically no volume at all.
Comment by
DeepdiveN on Jul 23, 2024 11:48am
As I wrote before, a takeover price of less than 240 million USD, which just corresponds to the 2011 market cap, would be a shame. Ultimately, the resource has increased, the project has progressed, the new PEA is much more meaningful and Fortescue already acquired one third of Alta Copper almost for free.