Following FMG's recent announcement about urging authorities to look at tenements that are sitting idle and undeveloped, this comment today from Tim Threadgold, who is a Forbes analysts;
There is a lot more going on than we and the press know about.
- Threadgold says a recent statement from partner BHP that the company was focusing on North American oil and gas opportunities because they offer higher rates of return on investment, (!) could play into the hands of an Australian company - Fortescue Metals - which would like to own Scarborough, and theoretically could do so without paying Exxon and BHP a dollar under Australia's “use it or lose it” laws.
WA gas tenements
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |