Ann: Trading Halt, page-23

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dbd25

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20/02/23

14:16

Post #: 66349391
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Originally posted by asculpeous: ↑

Quiet agree.
The problem is and has been "we have been lead to believe " bit.
Communication has been poor to say the least.
With FYI announcements have not been a good guide to what is going to happen next.
One would think that having selected a site it would be irrational to scotch the operation, but nothing is a given.
Uncertainty leads to fear and while FYI would survive if the partnership didn't proceed,Roly should be required to exit.
Having said that,Asculpeous would like to remain optimistic and hopes that they are announcing a near start and acceleration of the plan to satisfy a huge off take.
But dreaming and hope are as useful as being pessimistic or trolling a stock you don't own.
At least long term holders are used to waiting.

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Be careful what you wish for. If Roly was to exit, what would remain of FYI ? A couple of staff and some technical contractors perhaps ? Where does the expertise reside in this company, and what tangible assets do they have ? A shipping container lab? I've asked these question many times, but never found answers. And this company is apparently capped at nearly $60m, and was once worth >$300m !! Linkedin is still showing they have just 4 employees.
https://au.linkedin.com/company/fyi-resources-limited

All IMHO, DYOR

FYI Price at posting: 16.0¢ Sentiment: Sell Disclosure: Not Held
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Last 6.8¢		Change 0.004(6.25%)		Mkt cap ! $25.22M

Open	High	Low	Value	Volume
6.7¢	6.9¢	6.4¢	$27.54K	405.4K

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Ann: Trading Halt, page-23

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