2022 - General Discussion, page-763

Thanks. There's not too much to talk about at the moment. I'm looking forward to hearing what/if Alcoa mentions on the HPA project on their quarterly call next week. They mentioned the HPA initiative/project in a recent finance job ad. IMO the demo plant FID approal is pretty much a guarantee so we're just waiting to hear the final size and location at this stage. It wouldn't surprise me if the FID isn't made in Decemeber but I would hope by the end of January it will be announced along with the JV docs.

In terms of risks to FYI SP I think further delays to the demo plant FID could impact the ST SP. We're trading at such a low level that I'm not sure if delays in the timing of the main plant FID would impact the SP too much. The spec end of the market is tough at the moment. I wouldn't be invested here if Alcoa wasn't also invested. A few more months and I think we will have all wished we picked up more shares at these levels. At least that's what I said to myself today picking up another small 5k lot.