@dbd25 You are clearly very frustrated and internally conflicted (sold and still hold some). A little confused as well I think.
https://hotcopper.com.au/threads/2022-general-discussion.6515045/page-494?post_id=60952367 - on the 21/04/2022 you stated that Alcoa should "buy out FYI shareholders with a takeover" - now you're saying that this has already happened.
So if I can summarize: you're basically saying that the Alcoa buy-in price was too low and FID is taking too long. Indeed, you have made numerous post regarding the poor deal that FYI made, yet if this price constitutes such a shitty deal, then why are you planning to buy back in once FID is announced? https://hotcopper.com.au/threads/2022-general-discussion.6515045/page-509?post_id=61029258
Most holders from 2021 have not sold out, and if you had elected to purchase the Shareholder register you would know this. As previously stated, the Top 50 has slightly increased.
Rhetorical question - as you are the one voicing continued discontent about FYI management and the deal they struck, what action have YOU taken to hold management to account? Suggest you email Roly and voice your concerns, I know he'd love to hear from you.
"A big chunk of upside has now been removed for FYI investors" - this assumes there will only ever be 1 plant, and that FYI is just as capable as Alcoa at securing off-takes with global Tier-1 companies.
We will all sleep easier once FID has been announced - some investors wait patiently for this to occur, and others continue to whine about short term share price performance. Updates should be continuing and on-going between now and FID. Looking forward to the May announcement.
GLTAH!
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@dbd25 You are clearly very frustrated and internally conflicted...
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