Take over target, page-49

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Scottj15

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20/05/22

17:41

Post #: 61530943
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Originally posted by dbd25: ↑

Come on people, wake up ! Why are folk fretting about a possible takeover of FYI ? It has already happened ! The term sheet gives ALCOA 65% of the project, and essentially full control of the decision making going forward. FYI may as well have done a "cap raise" for a soph investor (ALCOA) for 679 million shares at ~50c each. It amounts to exactly the same thing to where we find ourselves today. But of course existing FYI holders would have been seriously unimpressed with FYI management had they framed it so. After the cap raise, the SP would have quickly dropped to the CR price as it usually does (sound familiar ?). Our current situation is arguably worse that a cap raise because ALCOA haven't actually decided whether to participate in the "CR", i.e. the "closing date" is Dec 2022. No wonder the SP has now dropped to sub 20c. My guess is most FYI holders from 2021 has figured this out and sold already. I just continue to be amazed that investors are not holding FYI management to account around what has transpired here.

All IMHO, DYOR

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please. that's the biggest flog of a post so far. CR to Sophs? Would they have the expertise and clout Alcoa have. I could go on but you don't warrant the effort other than saying everyone knows Alcoa bring a lot more to this project other than funding.

FYI Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.2¢		Change -0.004(6.06%)		Mkt cap ! $22.99M

Open	High	Low	Value	Volume
6.4¢	6.4¢	6.2¢	$1.006K	16.21K

Buyers (Bids)

No.	Vol.	Price($)
1	66	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.4¢	163187	1

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No.	Vol.	Price($)
1	66	0.062
3	36015	0.061
2	331751	0.060
1	6407	0.054
1	85735	0.053

Price($)	Vol.	No.
0.064	163187	1
0.066	1800	1
0.068	211968	2
0.069	124523	3
0.070	309976	2

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