I dont get it? If i was Alcoa i would bid for AWC now. Surely there couldnt be a better time with the stock so low? Alcoa could even issue scrip as they have a listing in Oz already. Yes there are headwinds (eg high AUD)but if one takes a long term view it has to be a bargain - these are Tier 1 alumina assets!
I'm accumulating and will await the inevitable bid whenever that comes.
