the article says bhp buys alumina and makes an agreement with alcoa were it feeds its alum assets into a joint venture with alcoa in much the same way as rio tinto deal.that way bhp gets to put its alumina and bauxite assets togethor with the alcoa assets,without the headache rio had when taken over alcan.bhp would not be the only company to be looking at alumina with intrest.chinalco has a close relationship with alcoa,it certainly has the cash to do the deal.and all this for current $1.485 per share... i want to see a short massacre before i sell,those dudes caused me to loose sleep on teusdays sell down to $1.31,,, i want to see them sufferrrrrrrrrr
AWC Price at posting:
$1.49 Sentiment: Buy Disclosure: Held