It's odd to read Mr Clearly say "Fortescue is the pure-play iron ore exposure and comes with the added benefit of a green hydrogen call option that you are getting for free at current levels.”
I may be wrong, but I interpret this statement as him believing that investors have not yet priced-in FMG's incoming hydrogen products and services. If so, I don't believe it. I believe most saavy investors have analysed the situation and paid current prices with the assumption that the hydrogen component will be highly-profitable. I certainly wouldn't be so bullish on FMG (in the med-long run) had they not heavily invested in the hydrogen space.
Iron ore price, page-42338
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Last
$21.86 |
Change
0.070(0.32%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 705 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.88 | 1359 | 3 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |