65c = $1.5bn cheap

You couldn't rebuild the awc infrastructure and JV's for the current price. With 56m in debt which is bugger all this is simply a great buy and hold.

2 years ago this made %500m profit. As if the world will no longer want Alumina.

All the other fear mungering is just hysterical and truly over blown and helps the shorters who are seriously wrong being short at 65c.

I would suspect any decent hedge fund who is short is actually buying them back now, hence the volumes