I concur with you and b!ll - Alcoa are controlling the schedule, not FYI. So essentially FYI management has lost control of the HPA project in deciding what gets done and when, and what information gets released to FYI shareholders and to the market, and when. Shareholders now know that a key decision will get made, probably in Dec 2022, but not whether the project will actually proceed. And if it does proceed, we know that FYI have signed away 65% of any future profits, as per the term sheet. It looks to me that FYI is not exactly an very enticing investment right now, which no doubt explains why the SP is languishing in the 20's. Lots of uncertainty here, and my guess is that investors will be kept in the dark throughout the remainder of 2022.
All IMHO, DYOR
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