60 cents still holds, page-3

Luckysmile,

An announcement? Of what? AWC are an oceanliner of a company with profits for the next few years at least tied to the price of aluminium. Which right now is marginal. The only possible news would be a reduction in the cost of alumina production (which it's targeting to make it to a 20th percentile cost producer). But this isn't going to happen overnight... so unless something radical happens on the LME don't expect short term news. As for ASIC, the SMART system gets activated on a spike. You may or may not have noticed, but yesterdays trading resulted in a fall of some 3c.....

Otherwise, volume is high, someone is perhaps loading. It's not a bad idea in my view. In a few years, with contracts decoupled from the price of aluminium, and a reduction in the cost of production, the massive operational leverage will hopefully result in something more commensurate than sub book value. But sit back and relax, because this is multi-year outlook...