FMG 0.35% $25.66 fortescue ltd

Why would they buy lke when there is much better value companies...

  1. 1,046 Posts.
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    Why would they buy lke when there is much better value companies with better resources? Cxo, gln for example which is fully funded to production and has one of the highest purity resources in the world waiting to produce in 2024

    I wouldnt spend 1.5bn on a company that loses 30% of profits to the guys that made their brine separating tech. As someone who held them from micro cap previously I think there are far better prospects. I do agree with you however it seems fmg likes building ground up. Wish they would get into copper and graphite before the squeeze thats coming too
 
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