Agree 100%. What I find 'delusional' is the assumption that FYI investor don't recognise that the Alcoa JV not proceeding is a risk. Of course it is a risk, and there are certainly others. Just like there are risks with A4N and pretty much every other Company on the ASX. If some people aren't familiar with the concept, it's call equity risk. Leaving aside those ridiculous intentionally undermining posts....
What I find highly encouraging, is that whilst there was ambiguity in the message Roly communicated about the JV, the market clearly brushed this aside and the stock rally 9.5% on huge volume (with no news). This suggest to me that the 'market' has faith in the long term prospects of FYI, with or without the JV. Moreover, that the market believes the share price is undervalued, taking into account the associated equity risk of the Company.
GLTAH!
2021 - General Discussion, page-2256
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