Ann: BCS - Update on Fortescue Offtake, page-4

Been wondering the same thing. All quiet from FMG. There's one paragraph in FMG's last week's 4D:

"The proposed green hydrogen and green ammonia project located at Gibson Island, Australia, continues in the Front End Engineering Design stage. Fortescue Energy continues to have discussions with key stakeholders as it works to progress the project."

Seems like FID has been further pushed back which then means there's no offtake.

Maybe the reason behind recent selling pressure in GNX shares