Thought I should reply to qualify my own post. Even though there has been an improvement in the aluminium prices it seems the daily fluctuations have no correlation at all with the daily fluctuation of AWC share price. See below:
LME Aluminum Cash Official Price USD/MT Date Bid Ask Last Change Note: Current pricing available to subscribers Already a subscriber? Login Here to see current prices. 06 Dec 2012 2,109.00 2,109.50 2,109.50 14.50 05 Dec 2012 2,094.00 2,095.00 2,095.00 -5.50 04 Dec 2012 2,100.00 2,100.50 2,100.50 4.00 03 Dec 2012 2,096.00 2,096.50 2,096.50 17.50 30 Nov 2012 2,078.00 2,079.00 2,079.00
You can see that aluminium price and AWC share price do not correlate. ie AWC up 0.5c on 6/12 after aluminium down $5.50 and AWC down 0.5c after aluminium up $14.50. Not only this but it also runs against the general market movement.
AWC Price at posting:
93.0¢ Sentiment: LT Buy Disclosure: Not Held