2021 - General Discussion, page-5755

https://alcoa-investor-day.videoshowcase.net/alcoa-virtual-investor-day-2021?category=180782

around the 7th minute and 47th minute HPA is talked about - if you listen to all of it you can feel the presenters commitment to maintaining a strong balance sheet (they have turned around in the past 5 years) to their holders and the conditional investment gateways makes total sense - even the ELYSIS CARBON FREE SMELTING which they see their future existence depends upon has optional gateways - they are confident with all of their decisions and will rightfully pull the pin if it can’t be maintained as a good return decision.

These guys have it together! 65% of our success relies on them - Roly has done well to here and fantastic decision to hand the reigns over.