That all sounds very plausible, but the fact remains that FYI was once a company with a >$300m market cap which somehow staffed its R&D unit, and also staffed its own kaolin (deposit) mine, and proposed to raise US$200m capex for the full HPA project. Frankly, I nearly fell off my chair when I learned that they had only 4 full-time employees. How is that in any way possible, when they presented as a much bigger operation ?
All IMHO, DYOR
Ann: FYI Joins UN Global Compact, page-16
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