Ann: FYI & ALCOA SIGN BINDING JV TERM SHEET FOR FYI HPA PROJECT, page-274

  1. 159 Posts.
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    thank you for your posts… I always enjoy them as I feel it provides a balanced and realistic view of FYI. I would be lying if I said I wasn’t shaken by the drastic depreciation of the SP therefore I am glad it was announced on a Friday as it has given me the weekend to really digest the announcement and what this may mean for FYI. I bought in when FYI was around $0.20 and I am a long term holder. My goal is to see this to production and see dividends paid. With Alcoa now on board we have now increased our chances of this coming to fruition.
    one thing I don’t understand from the posts this weekend is why there may be a capital raise when we get to stage 2 or 3. If I remember we have a loan of $80-$90m which we haven’t used. Would we not use this first rather then a capital raise?
 
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