I agree with what you are saying. I have chosen to take the money and go elsewhere, but you are probably right that a higher offer may come to close this out. I am surprised they didnt do this a decade ago.
AWC just collects the cheques they get from their operations that they are a percentage of, so I have always thought it a strange structure. Like a royalty company, but not quite.
Ann: Alumina and Alcoa enter into Exclusivity Deed, page-14
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Last
$1.71 |
Change
0.025(1.49%) |
Mkt cap ! $4.947B | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.71 | $1.67 | $16.88M | 9.964M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 505147 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.71 | 121868 | 5 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$1.71 |
Change
0.025 ( 1.83 %) |
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| Open | High | Low | Volume | ||
| $1.68 | $1.71 | $1.67 | 2574215 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| AWC (ASX) Chart |