Yep agreed - there is no argument whether the land has been pegged or not, but it is very unclear what it is for.
Is it for IO, Copper, Gold or other resources?
Or is it for renewables?
And, if it is for renewables, what is to say that the PRL land is superior (one poster is not enough evidence for me!). It gets more wind for sure, and has access to water - but outside of that I really have no idea if it is better or not for the purposes that FMG wants it for (i.e. if sun is more important, maybe the pegged land is better).
Lots to watch in the FFI space. I find it funny, that not only is it not adding any value to the FMG share price but it is almost detracting from it (it seems most days an announcement or press release comes out around FFI the price ends down - albeit there are probably many other factors in play also).
FMG Price at posting:
$23.35 Sentiment: Buy Disclosure: Held
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