POWER!!!! Fortescue Future Industries, page-1590

Hi @frogbat

Fortescue is a corporate with global presence and respect for it’s iron ore business and increasingly for the vision and role that FFI has committed to for a green hydrogen, low carbon future proofing of it’s business.

They have an independent board with the underlying base function to continually review and approve the CEO’s future strategy and to protect shareholder value.

I doubt the Board would allow Forrest and senior management to go down a wormhole chasing pipe dreams with increased demand on diverting iron ore profits beyond that already accepted by investors. A caveat might be the exception of de-risked near term compelling profits from a productive project or projects of full, integrated ownership makes compelling sense.

However, if de-risked near term profitable projects present, I feel there are going to be significantly more appealing funding options than sequestering increased iron ore profits, including debt and partnerships as they did for their emerging iron ore business.

Cheers
Dex