Fortescue is a multi billion dollar company. Copper fox is having a hard time maintaining a 200 million dollar valuation. Teck is not buying up shares in CUU. Let's stick to the facts and compare apples to apples. Again, why would Teck buy on the open market? They just got 75% for couch change.
Fact:
- Apple: Teck intended to purchase Fortescue, decided to save some money by buying up cheap shares.
Theoretically Feasible:
- Apple: IF Teck intended to purchase CUU's 25%, they COULD decide to save some money and buy up cheap shares.
- If EE is asking for example: $1B. Then Teck could quietly purchase 9.99% of the outstanding shares prior to making a bid. Thus saving a considerable amount of $.
Fact:
- Teck enjoys saving money, Teck has already employed this tactic.