Healyn, Good morning all. Point Henry has been struggling for a long time, it was always going to close this year, sad but no shock announcement. There is no risk of this closure to effect WA, the 3 refineries in WA are in the top 4-5 of all its refineries in the world, Kwinana is the worse performer and the other 2 which are in the top 2 spots. WA as a whole runs at a great profit. If Alcoa didn't have the 3 WA ops the company would be struggling to compete globally. They only have one other refinery as good as the WA ops and that's in Saudi Arabia when it comes online. So mate all good from Alcoa with respect to WA and EGO. On a separate note, things are not that flash with EGO ATM, I will post my thoughts later on when I get some free time must dash, busy ATM.
EGO Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
