Ann: Ceasing to be a substantial holder, page-41

Why do you keep saying we have not done a pilot/had testing done? Just outright false, and something which has been drawn to your attention already (https://hotcopper.com.au/threads/ann-joint-extended-hpa-trial-progress.6458216/page-11?get_post=true)?

Covid lags etc another reason I prefer FYI to others in the space. The Alcoa balance sheet can get this into production, and the de-risking the market is clearly not ascribing much value to. So again, why would top tier customers get HPA from an Aussie junior when they can go with a project owned and funded by an established market leader in Alcoa? Especially if there is instability in financing considerations/delays in lead times in the HPA sector as you suggest.

Shame about the share price, but just because the price is down doesn't mean we're wrong.

IMO, DYOR

MJ