Aluminium Price as of last night in US currency. $1791 US
With the Aussie currency down this is all good for us AWC share holders. Just means a bigger dividend in 6 months time. These shares pay for themselves in about 10 years. Currently at bargain prices.
After the infrastructure spending then we'll see higher dividends again and I suspect in about 4 years time this share price will be around the $4 mark. Other shares that are $4 now don't give as good dividends as AWC.
AWC Price at posting:
$2.24 Sentiment: None Disclosure: Held