asculpeous - Excellent post, and I am in total agreement with your suggestions about the current status of the company. It looks to me that the small scale of operations and activities at FYI, the small workforce (<10 ?) and general very limited resources and capability simply means that any scale-up of HPA production via a demo plant will be essentially done by an established team Alcoa in the US, with perhaps some input from FYI people at the beginning acting as consultants. In the end, the possibility that ALCOA will agree to assign a third of their profits to FYI from revenues earned from HPA just seems implausible. If that was on the cards, I think we would have seen an agreement with the US$50m stage 1 funding announced last September. Seeing the FID delayed to Dec 2022 is just suggesting to me that the joint project is now on the ropes.
All IMHO, DYOR
FYI Price at posting:
24.0¢ Sentiment: Sell Disclosure: Held
(20min delay)