Good to see Aluminum above $1900 US a tonne. Its been a while, now just waiting to see a reflection of Alumina on the LME( still at $300 a tonne), even though AWC use the FOBO price which I have no access to, but Alumina prices around the world should be similar. ATM, i am expecting a higher divi with approx Alumina cash price of $300 a tonne and operating costs at Approx $200 a tonne, due to weaker energy prices (COVID). Definitely a long term play but can really see some dividend hunters sharpening their pencils over this one. Might reduce my TLS and buy more AWC, moving forward.
AWC Price at posting:
$1.47 Sentiment: Hold Disclosure: Held