Ann: FYI Resumes Control of HPA Project, page-15

Personally, I don't blame Roly. It was a bold plan to get Alcoa involved and Roly did very, very well to bring Alcoa in at the expenditure commitment under the original proposal.

We all knew that the key risk was that Alcoa would ultimately pull out - big co's like Alcoa are very exacting and particular with their investments.

Roly will be hurting just like shareholders - he will feel like he has let the shareholders down and he is a large FYI shareholder himself and has invested years in FYI's HPA strategy with the key strategy being big boy (Alcoa) equity participation.

Anyway, FYI is now just another HPA wannabe (albeit their management and intellectual property is good IMO) with the key issue again reverting to the large upfront capital cost ($200+ mio) to build a HPA plant.

GLTA & DYOR