I think the TPI will be sold off to an overseas investment group....in exchange for funds upfront now for FMG's first 12 months which will obviously be the toughest and most cash burning.
Maybe the lenders over in china will fund at least 50% of the 3b being spent by FMG.
They will sell half to the investors for around $1.5b in exchange for funding to get the ore up,out and shipped.
The other half will be split if u like amongst any other ore producers wishing to use the infrastructure, atlas iron for one, whereby a toll per percentage of use will be paid per load and given back to the initial investors......maybe chinese group and FMG combined.
The mine life around the area......not just FMg could be many years yet ......I think that would be a good deal for all........maybe I should present it up to the board......maybe thats what they have already planned.....hmmmm.........no need to worry about a cost blowout I can assure you.
All just a guess of course.
I think the TPI will be sold off to an overseas investment...
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Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B | |||
| Open | High | Low | Value | Volume |
| $22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $22.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.42 | 11435 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |