Hello @Saragian and I hope you are well. And I also hope -if you...

Hello @Saragian and I hope you are well.
And I also hope -if you have time/inclination - you might able to take a quick look at the ABC chart and share your thoughts.

The Commsec AI says “ABC shares appear to be in a near-term downtrend confirmed by its 20-day moving average. Specifically, the 20-day moving average is falling and implies that investors see better opportunities elsewhere.”

And there was a big brick thrown through its’ windows of opportunity in July 2020 when scores of investors dumped shares (maybe more than ‘scores’ ), on news Alcoa was ditching a $70m pa contract that had been running 50 years.




There is a useful story from Peter Milne at Boiling Cold written 08/07/20 on this;

Lost: one lime contract and $645M

No deal with Alcoa has cost Adelaide Brighton 31% of its value and threatened its WA lime business that is warring with its neighbours in suburban Perth…..
https://www.boilingcold.com.au/lost-one-lime-contract-and-645m/

It goes into some first hand information about how the supplier for Alcoa had been Cockburn Cement, in Munster, 12km south of Fremantle which had long running environmental issues with adjacent suburbs - ……….“When Cockburn Cement, then an independent company, started lime production half a century ago the plant was not surrounded to the north by the suburb of Beeliar.
Residents have long complained of dust and a sulphurous stench from the kiln stacks that tower above the houses…..”

Adbri seems to have been on a bit of a buying spree of late, but the reason I am interested is the deal signed with environmental kiln company, Calix on April 15 this year;
https://www.calix.global/co2-mitigation-focus-area/world-first-zero-emissions-lime-calciner-project/
The … Heads of Agreement outlines Calix and Adbri’s intent to progressing a feasibility study covering site selection, raw materials and proof of marketable product, and basis of design covering CO2 capture from lime production, and multi-fuel / energy options, targeting early 2022 completion.
Feasibility work on the project would cover lime production of around 30,000 tonnes per annum, including demonstration of 20,000 tonnes per annum of CO2 capture and multiple fuel options (including natural gas, hydrogen and electricity).
The project is framed around a 5–year development and demonstration program and will also seek appropriate funding under the Federal Government’s low emissions technology roadmap.
The project represents a world-first development of a commercial-scale, zero-emissions lime production facility.”

… I wondered if the conveniently located — shipping-wise and yet inconveniently located — suburb-wise Adbri site at Munster might be repurposed as a Calix display kiln after which everyone could live happily ever after.
. . . and thought your TA crystal ball might have an answer, or at least an idea of the next levels up and down.

Cheers