I believe that the original idea was to use cash-from-China to develop the Mine. The issue is, if Fortescue asks for it, they would ask, essentially, for the ownership of FMG as a guarantee for the investment. FMG can only be part owner of the JV to produce enough high grade to blend. That is the idea, I believe. Chinese are the only ones they can develop the infrastructure for the Project, there is a number of Infrastructure projects they invested money in. Who else would be the JV partner in the project? Everything comes with the price...
I believe that the original idea was to use cash-from-China to...
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.08 |
Change
-1.270(6.24%) |
Mkt cap ! $59.73B | |||
| Open | High | Low | Value | Volume |
| $20.29 | $20.61 | $18.69 | $233.0M | 11.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 282 | $19.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.09 | 2095 | 5 |
View Market Depth
| Last trade - 14.48pm 08/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |