We are in the Alcoa project funnel. But we are right at the start, at the stage in my opinion a cancellation is most likely. I don't see them spending 50m then deciding no to final stage. Shareholders don't take kindly to a $50m sunk capex cost. But we are in the system and that comes complete with all the checks and balances. Anything past that you are reading into the Alcoa slides is a bridge too far.
Momentum continuing to roll, but news on fundamentals far more important to me than technicals at this stage. Coming up on 5 years invested in FYI, MD still buying. Enjoying watching it all unfold.
IMO, DYOR
MJ
FYI Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
