G,day mate, Haven't posted on this thread for a while as what has happend at FYI could have been avoided and Asculpeous is cross with himself that he didn't act on the warning signs:that is a CEO who has skills as a bean counter and running a tigh ship but no skills in promoting the company but worse of all signed off on a deal and hand-cuffed himself.
One of the characteristics of companies that grow well in SP/market cap is self promotion and keeping the shareholders well informed.Congrats to A4N in that regard although there is still a major concern re upscaling as things seem a little too rushed with the promotion front-running the actual stage that they are at.
WE still have no definative statement as to what stage we are at, which site {ours or Alcoas?) or whether we are using our Kaolin or Alcoa's byproduct.It looks like a lot of money is being spent to keep the lights on.There's little reason why FYI should be listed at present.Please correct if announcemts has been missed but it seems most are drawing conclusions based on insufficient evidence.
The CEO delayed things to include the Ecograf deal- another bad deal/mistake as we are gagged on that.FYI could have maintained some independence.Again compare to ATC which has come out of the shadows and moving forward with excellent information provided to shareholders.
BTW FYI may still turn out well and Asculpeous still has a large position and useless to sell out now,but like to know - indeed it should be an obligation for the CEO to keep his shareholders informed.It is also useless to roll Roly as little would change.It would be refreshing to have a CEO who is actually enthusiastic and keeps his shareholders informed.Repeating Tweets ad nauseum seems to be Roly's idea of marketing to shareholders.
It has all been a lesson but unfortunately part of that is even if things go ahead as we hope Roly will stay the same.We'll be kept in the dark and FYI will remain Alcoa's bitch. Cheers Asculpeous
FYI Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
