Howdy SL,
One of the reasons Fortescue has been trading at discounted prices cf BHP & RIO is that it has been considered to be a pure play IO producer. One of the many reasons I (and others) invested heavily into Fortescue was because it was diversifying into green technology and decarbonisation. Not just green technology, but green technology which has synergies with our IO production via our technological transition......Infinity Trains, Roadrunner ev haul trucks etc
We not only don't have to pay to use Elysia's battery technology, it is also a potentially significant revenue source. I'd actually like to see us expanding our FE business, mot contracting it.
SL, TI & Tt, I remain unconvinced. Hopefully the concept of spinning off Elysia will remain locked up within the confines of Hotcopper speculation chatlines!I suspect, genntlemen we are going to have to agree to disagree on this one.
Howdy SL, One of the reasons Fortescue has been trading at...
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Last
$19.40 |
Change
0.550(2.92%) |
Mkt cap ! $59.73B | |||
| Open | High | Low | Value | Volume |
| $18.50 | $19.50 | $18.45 | $365.1M | 19.27M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $19.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.42 | 99 | 1 |
View Market Depth
| Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |