Hey spid
Yep, all very true. The JV discussion exclusivity period soft deadline has been extended twice already - in the lead up to the first 2 deadlines the SP increased markedly in anticipation of JV signing, only for it to partly retrace upon extension. Clearly, some of the value that will be injected by the Alcoa JV is already built into the SP and there will be a significant fall if Alcoa walk away (in my opinion, very unlikely).
Impossible to analyse the outcome in much detail prior to reading the specific terms of the JV agreement.
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Hey spidYep, all very true. The JV discussion exclusivity period...
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