a material aspect of the 3 phases in the JV has changed and without notification to the market. I checked back to the october announcement and it clearly states that phase 2 would involve the construction of a demonstration plant.
yet now it gets pushed out to phase 3 and phase 2 is really just meaningless continued studies with no serious commitment required by Alcoa
this really smells fishy to me. this is poor performance. no wonder we are 30c
FYI Price at posting:
29.8¢ Sentiment: Hold Disclosure: Held
