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2.25% $20.47 fortescue ltd

POWER!!!! Fortescue Future Industries, page-713

  1. jb206
    3,418 Posts.
    lightbulb Created with Sketch. 1046
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    02/02/22
    10:22
    Post #: 59294249
    Another lovely piece in the puzzle!!!!
    • FMG/FFI aquire 20% of SPN - Sparc tecnologies for $1.8m plus options for 36%
    • binding agreement
    • exclusive licence
    • this process means that renewable energy from wind farms and/or photovoltaic solar panels and expensive electrolysers are not needed.
    • Capital and operating expenditure is anticipated to be significantly lower than electrolysis and other forms of hydrogen production currently in use.
    FMG Price at posting: $20.54 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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