Any company worth its salt in informing shareholders would have a site drawing of the proposal (e.g as did A4N and ATC).Not even a Tweet of what it may look like.
Again the detail wasn't there because we are treated like mushrooms growing in the dark. It would be good if it was on the site initially selected by FYI before the JV because it would mean that FYI have some control if the JV falls over.
Remember the breakdown of the word assume- it can make an ass of you and me.
Asculpeous can vaguely remember in the sands of time when he assumed that Roly would do a good deal for shareholders instead of lamely coming out and saying :"that's as good as it gets".The progress of competitors,as much as we may deny it,is proof of the pudding.
No great negative if it is an Alcoa site as it is another indication that the JV is going ahead,however a negative from the point of view of ownership if the JV falls over:if it does and FYI wants to proceed it would have to buy or rent the site.We shouldn't have to assume. Asculpeous is past assuming with this company.If there was more certainty would be buying more shares at this level. Don't expect any significant SP growth until some of the uncertainties are resolved and we shouldn't build our hopes too high given Roly's performance wrt Alcoa. Again compare A4N and Orica -orica look as if they are eating out of A4N's hand.
FYI Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
