Ann: June 2024 Quarterly Production Report, page-37

Hi @madamswer

Apologies for not defining what was my opinion and what was referenced from previous company announcements.

You wrote;

And then, you table a 2021 transcript of management commentary which you say references "they're actually aquiring (sic) projects for $5000 per megawatt and then add value at say $200,000 per megawatt a... very impressive uplift in value - by 40 times!"

Please refer to page 11 of the company announcement below.

https://cdn.fortescue.com/docs/default-source/uncategorised/investor-and-analyst-call-transcript-(fy21-full-year-results).pdf?sfvrsn=8a767acc_1

For example, the 15% IRR figure contained in your post.
Can I ask what the substantive basis is for that figure?

Page 10 below...

"Look, I think we’ve given guidance that our plan is to have all our projects with a targeted IRR in double-digit and that's certainly holding true."

https://cdn.fortescue.com/docs/default-source/announcements-and-reports/fy24-half-year-results-investor-call-transcript.pdf?sfvrsn=9df547b9_10






You wrote;

Because, according the the Segmental notes in the Annual report, in the three years since that transcript you cited, the Energy segment has amassed over $2.0bn in accumulated losses (that's just at the EBITDA level, do doesn't included additional items below the line).

Three years is very little with all that Fortescue have planned and are accomplishing as we speak. I don't view these as losses, more like strategic investments for significant savings and growth long term for the entire company.

All the best,
Tony.