"What is holding AWC back is the AWAC agreement with Alcoa, as...

"Since market lows in March 2020, Alcoa is up 1100% and AWC is up about 50%."

"What is holding AWC back is the AWAC agreement with Alcoa, as the the Australian refineries and smelter are being punished by Alcoa's poor decisions around the world."

These comments sum it all up. AWC is being played or is simply stuck in limbo. AWAC will never buy AWC out if they have to pay a premium to SH's and lose their ability to load AWC with 'poor decisions'.

I am watching S32 grow its business and SP to record levels, and wondering how much longer I should bother with AWC.