A4N real deal, page-210

Alcoa would have already pulled out if they didn't intend to proceed. Why would they bother with the 90 day exclusivity period otherwise. Only thing to be worked out is how much they take and at what cost.

It will all unfold I've the next 1-3 months no doubt. Our share register is stacking up with the right buyers already.

It also make no sense that you say without Alcoa they can't get finance. I would say A4N are in that exact same situation without a JV partner as well then. What could you possibly see that would make that any different? In fact it would be harder for A4N to gain finance as you are not fully integrated and have still not signed an agreement for feedstock from Orica. I expect that to be signed but your logic make no sense on finance and is just mid throwing. The market obviously doesn't share your sentiment anyway