down 13c or 5%
gee...
looked at the 24hr commodity price
it is still up (marginally) .0001 or something
Alcoa is up marginally after their result
could it be this (from the announcement)
"The strong Australian dollar resulted in end of period balance sheet revaluations that impacted second
half AWAC results by negative US$45 million (pre-tax)"
average net earnings is about $300m
might bring them down to $255 or -15%
that must be it
the high dollar
what do you think?
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