FMG 0.00% $21.86 fortescue ltd

Thank you busy reading a presentation elsewhere today, I won't...

  1. 11,415 Posts.
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    Thank you busy reading a presentation elsewhere today, I won't cross promote.

    Expected it to be around 100mil.

    So topping up BB account will cost only 122million to date. Very Cheap.

    What I like about BB is while the shares are retired nothing stopping management issuing new shares at high sp should takeover target be identified eg 1billion shares issued at 8 dollars for an all scrip takeover of a 8Billion dollar company to diversify revenues and strengthen company no burden on cash flow being generated at that time.

    Love the BB.
 
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