I wouldn't want to see them wasting any more time after that impressive PEA report. There will be other potential players sniffing around after that. This is a tier 1 asset and Fortescue are not wasting any time re-shuffling things because they want to see this move to the next stage. I think if they do make an offer, i think it needs to be fair for Alta shareholders which is why I'm thinking anything over US300m and i think it will get voted for. Giulio has given nothing but praise to Fortescue, the relationship there seems good. Yes, two seats on the board.
https://altacopper.com/corporate/board-of-directors/andrew-hamilton/
and
https://altacopper.com/corporate/board-of-directors/christine-nicolau/
Tony
Alta Copper, page-20
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Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 15504 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 6560 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |