POWER!!!! Fortescue Future Industries, page-3748

Hi Wes,

I'm glad you enjoyed reading those news pieces on Nabrawind and Fortescue's plans.

Have a read of this. Do a google translate.

https://navarracapital-es.translate.goog/la-australiana-fortescue-anuncia-una-nueva-inversion-de-capital-en-la-empresa-navarra-nabrawind/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Last year involved a loan convertible to shares. This recent update involves a capital increase and partial purchase of shares.

Hmm...I'm starting to wonder whether there's more to this partnership. All just speculation, but could this be a potential takeover target?

It's a private company, they've raised just over US$3m to date since they were founded in 2015. Fortescue one of seven investors, who has just upped their investment in the company, they have five products ready for large scale commercialisation. Yes, Fortescue will be one of their main clients.

https://pitchbook.com/profiles/company/170038-90#faqs

Look at what their average annual revenue is and what their growth expectations are for 2024. Look at their patents applications, how many they have published and granted. Look at the jurisdictions they're targeting.

https://www.nabrawind.com/nabrawind-technologies-joins-the-renewable-energies-chair-at-the-public-university-of-navarra/

Tony