It's odd to read Mr Clearly say "Fortescue is the pure-play iron ore exposure and comes with the added benefit of a green hydrogen call option that you are getting for free at current levels.”
I may be wrong, but I interpret this statement as him believing that investors have not yet priced-in FMG's incoming hydrogen products and services. If so, I don't believe it. I believe most saavy investors have analysed the situation and paid current prices with the assumption that the hydrogen component will be highly-profitable. I certainly wouldn't be so bullish on FMG (in the med-long run) had they not heavily invested in the hydrogen space.
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8 | 1585 | 22.460 |
12 | 12399 | 22.450 |
10 | 1466 | 22.440 |
Price($) | Vol. | No. |
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22.490 | 6067 | 16 |
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