You never see Alcoa with egg on their face in a deal, they have done their research and are confident there are commercial quantities to be had. Of all the oil & gas co's operating in WA, they chose Arc.
There is a real pattern of drilling and value adding deal success emerging here, management are up to it.
Profit takers have moved in today, probably a good opportunity to top up. We should have an Al Mag update today but my guess is no definitive news yet but it must only be days away. They probably have to perforate the sections of interest, withdraw the gear then put the pump down, a laborious process.
Add to My Watchlist
What is My Watchlist?
