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Ann: Mutual Extension to Potential HPA JV Exclusivity Agreement, page-274

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    If FYI were to sign a large offtake they don’t need Alcoa. I don’t think downstream opportunities means that. Any output from the process should be a part of the JV so pinning an extension on it seems disingenuous at best to me and at worst FYI have sprung something on Alcoa at the last minute which isn’t a good look.

    Its impossible to derive meaning from most of the announcement so its anyones guess on the actual status of things. It goes back to poor communication though doesn’t it? Happy to jam pack an extension announcement with so many filler words but then is brief and lacking any detail in other ‘positive’ announcements. What downstream value adds have they been working on? What was the alternative feedstock used in the Alcoa run?
 
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