of course Rols will want to keep optics best as possible.....of course if you are long the stock the glass is half full. the most important bit is what alcoa say "possible joint development" & "carefully consider this opportunity" meaning they are still looking at this, there is no agreement yet. everybody raged on about how old the relationship is with Alcoa, surely the thinking bit should be over and the delay is nutting out the terms - well its not ......and Alcoa like a big company does is stringing you along. absolutely zero time pressure or deal tension. people in big companies hate taking risk.
the problem i see with the extension means more work needs to be done to convince Alcoa.....its not ironing out the finer details (as a done deal) as some would like to think. As i have kept saying, probability with doing a deal with a big company is extremely hard for various reasons, esp a JV with a company that is also in a JV itself, that just adds another layer of complexity.
FYI Price at posting:
77.5¢ Sentiment: Sell Disclosure: Not Held
