What a Dud!

"Alumina was founded in December 2002 when Western Mining Corporation spun off its aluminium and bauxite assets. Alumina's only business activity is as the owner of a 40% share in Alcoa World Alumina & Chemicals (AWAC), a joint venture with Alcoa."

I inherited AWC from WMC in the last century some time. Was happy to hold another resource stock and did quite well. Sold out completely sometime in 2008 and was sitting on very good profits, BUT, bought back in just before the GFC hit.

Since then, I have patiently waited for AWC to find its mojo again, and was happy to be holding when it returned to $2 late last year. But now my spirit is broken. I plan to sell out once and for all at anything close to $2 and never return.

What are we supposed to see in this stock that is being held hostage by Alcoa?