I'm not going to hang around like a bad smell as other ex holders do. So I'll be quick...
I believed if FYI got Alcoa we would leapfrog any other player in the market, and I still think that would be true. But the key risk is and remains for any potential, financing. FYI had this locked with Alcoa and nobody else has it for any kind of large HPA production.
So, Alcoa going forward was an asymmetric moment. Make or break for mine, so as soon as I saw I sold.
Hope I am wrong, and leave you all to it. The little actual analysis that happened here was a good read, cheers to those folks.
IMO, DOYR
MJ
Ann: FYI Resumes Control of HPA Project, page-151
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