This story rings true - let’s hope history repeats.
from Andrew Burrell’s biography of Forrest:
”Forrest acquired his controlling stake in Fortescue for a meagre 8 cents a share - the vesting price for more than 100 million options he was granted in 2003 ... By January 2005, Forrest had converted all his options paying only $8 million for a 47 per cent stake in Fortescue”.
“He had learned from bitter experience at Anaconda that he would need to be the dominant shareholder in Fortescue to call the shots and fend off potential predators”.
**I’m not suggesting VXR has the potential to be as big as Fortescue. I’m just observing the same signs of an apex entrepreneur who I hope is destined for great things.
This story rings true - let’s hope history repeats.from Andrew...
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Mkt cap ! $572.8M | |||
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| 3 | 6417 | $2.21 |
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| $2.24 | 11326 | 2 |
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