IMO, you and Bullant are wasting your time over here. May as well go bang your heads against a brick wall for all the good it will do you.
None of the FYI cheer squad is reflecting in the part they've played in this debacle. A debacle where almost everyone who has bought shares this year is underwater, so many retail investors would have taken a bath.In the ann, Roly called FYI an 'R&D and Design' stage operation. But to read the FYI threads pre ann, those folks would have had people believe that offtake was imminent, three plants were about to be constructed and customers had all the FYI 4N they needed to test and proceed with orders. And it was all BS - pages and pages of BS. Did they not read their own announcements? It was all there in the black and white where the company was at.
And now they are doing it all again, completely dismissing the fact that there are two phases that this arrangement needs to progress through before finance is guaranteed. Offtake is still years off. No one is asking what are the de-risking metrics, it's just glossed over. Let's pump the next group of retail newbies that come across the stock and think it's a buy.
I'm looking forward to the next few months and letting each companies newsflow do the talking. It's going to be more than a little embarrassing if other HPA hopefuls get their finance when Roly has just said it's impossible.
DYOR FFS.
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Ann: FYI & ALCOA SIGN BINDING JV TERM SHEET FOR FYI HPA PROJECT, page-507
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