FMG 3.23% $18.87 fortescue ltd

decision today on native title case, page-2

  1. 1,252 Posts.
    lightbulb Created with Sketch. 42
    Finally good news.
    Solomon mine hub valued at 280 billions. AF
    sells, with Court approval, to Aboriginal Council for 200b.
    200b÷3.12b=$64. For each share you get $64
    as capital distribution with attached capital loss.
    As shareholders we would loose 80b.
    Local Aborigines become instant millionaires.
    They sell mine to BHP, let them worry about it.
    Journalist gets annual reward for making everyone happy. I forgot:
    Judges get cents (rounding errors in my calculation) which makes them millionaires as well, not exactly on par with traditional owners.
 
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