You might have missed the bit that said the new CEO is shifting strategy and looking to sell different iron ore grades to appeal to more customers.
The 18 mill that Vale would put in under the MOU becoming binding is absolute chump change for the company on a risk/reward basis.
CLE - Shaping Up To Be The Next Fortescue Metals Group., page-160
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5.8¢ |
Change
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Mkt cap ! $63.43M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 73108 | 5.8¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 20819 | 2 |
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