Ann: HPA Project - DFS Update, page-56

@murrda_one

Indeed FYI is further down the track with HPA, not sure what they are doing with precursors, which is the current focus for KRR.

As I understand it FYI gave up a significant amount of equity to a large shark who appears to be milking them for all their worth with constant delays, I could be wrong as my knowledge of FYI is quite limited. Their SP took a real dive after the agreement, something KRR has to be very careful about if they establish a JV with a big player.

I hope the significantly lower capex requirements can help alleviate massive dilution.

The FID is meant to follow the DFS reasonably quickly but I guess time will tell, not long to go now for KRR.

I hope FYI can get things sorted quickly for your sake, with the massive growth in EV’s etc there will be plenty of need to go around with very healthy margins.

Just my thoughts

Rayda