AWC - Alumina Limited
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This anomaly was so obvious but it's often more subtle or hidden among dated bars.
This is why I wonder if there is a way to remove such volume bars and its price bar/candle from a chart. Any idea how Trav or if there are other workarounds?
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Well I hope everyone got out of AWC when I bought in.
https://www.abc.net.au/news/2020-07...-1-billion-tax-bill/12433908?section=business
At least it shows, this Government is getting into the multi nationals about tax avoidance, at last someone is doing something about it.
Most past governments have talked it up pre election, then been missing in action, when they got in office.
It isn't as though Alcoa hasn't been operating in Australia, since the mid 1960's?
https://www.abc.net.au/news/2020-07...-1-billion-tax-bill/12433908?section=business
At least it shows, this Government is getting into the multi nationals about tax avoidance, at last someone is doing something about it.
Most past governments have talked it up pre election, then been missing in action, when they got in office.
It isn't as though Alcoa hasn't been operating in Australia, since the mid 1960's?
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Well AWC looks as though it may start moving again at last, so a bit of dollar cost averaging today.
I do hold and am in the red.
I do hold and am in the red.
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Alcoa Corp Fourth Quarter 2020 Earnings Released but market wasn't too impressed
Holding but on a short leash
Extracts below and CEO highlighted the rise in alumina prices so far this year
Holding but on a short leash
Extracts below and CEO highlighted the rise in alumina prices so far this year
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Yes @Trav. I've just about lost patience with AWC, so when I bail out they will go balistic.
The only thing that keeps me hanging in is, mature business with great processing plant and great resources.
The down side, they are in Australia.lol
Expensive power costs, expensive labour costs and a media that hates mining.
What can go right right, not much IMO.
The only thing that keeps me hanging in is, mature business with great processing plant and great resources.
The down side, they are in Australia.lol
Expensive power costs, expensive labour costs and a media that hates mining.
What can go right right, not much IMO.
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Definitely a carbuncle that needs to be excised and sent to China.lol
Sounds like a plan from our caring left wing friends. Lol
Probably will end up a bauxite miner, as opposed to a bauxite processor, but that actually may be more value. Who knows.lol
Sounds like a plan from our caring left wing friends. Lol
Probably will end up a bauxite miner, as opposed to a bauxite processor, but that actually may be more value. Who knows.lol
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Hey @trav and @sptrawler,
Could the chart above perhaps be a possibility...i.e. a higher wave 5 still to come before price travels lower?
Cheers, Rob
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Chinese cities continue to promote digital yuan through festive lotteries
Conditions restricting participation to employees at commercial entities make this round slightly different to Shenzhen's prior "red envelope" promotional lottery schemes.cointelegraph.com
Last week, the state-owned Agricultural Bank of China launched the first digital yuan ATMs in the country with the aim of guiding citizens in converting to and from the digital currency.
China is regarded as a pioneer in central bank digital currencies. Its digital yuan is expected to act as the cashless payment method within China’s “smart cities” in the coming years.
Yes last week I was only down about $900 and thought about bailing.
But I just hope the loonies pull it in a bit and realise without businesses there isnt any welfare, then they wont be able to travel around the country closing places down. Lol
The good thing will be, welfare will be gone and the custodians will be running tafe, so everyone can learn how to prepare bush tucker for the tourists.
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AWC half year presentation.
Still in, still red, thankfully a dividend.
Still in, still red, thankfully a dividend.
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In Alumina plant there are always two-sides: red and white to complete the process
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Miner what is with the latest price run? today nearly $2 and 30 million shares traded.
Does someone know something we don't? or have you been ramping again? ?
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don't know mate but not complaining either. The volume of transaction when I saw alarmingly high. Some one must be cooking with gas.
This is one of the stocks, I feel very comfortable as company's policies are strong and their Alcoa (partner with Alumina) works with UGL /CIM going very well . People on contract are getting permanent jobs. Long term of course. purely as a speculation, I think something happening on pure aluminium side.
But interesting what these people have said
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I agree I still hold and can't understand what is holding back the ceiling, time will tell, but patience is wearing thin.
I've seen other parts of the portfolio sky rocket, especially after I sell them. ? ? ? ? ?
This share investing is like being a landlord, all your good tenants leave and buy their own home, all the bad tenants stay.
I must apologies for that statement, it wasn't meant to offend anyone, it wasn't directed at anyone and if anyone was offended, please accept my apologies. I actually took myself down the back yard and gave myself a stern talking to, I hope that will suffice as fair punishment.
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probably why i rescue the investment cash and let the profits run so often
it is very calming to look at a share and realizing you are only risking potential profits
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The only problem with that reasoning is, the price has to go above the dollar cost average, if it has been a dog, most people bail out when they can save the capital.
It's a bit like those who bought amp shares, when they floated, they are still waiting to let the profits run.
It is a great plan on rising shares, not so good on those that have gone nowhere, which in reality is a lot of Australia companies.
That is one good thing about this renewable future surge, it is putting a lot of new blood, into a rather decrepit share market, I think buying the old true blue faithfull shares is a bit shakey at the moment.
Just my opinion
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one of the few Buffet wisdoms i follow , is looking at a share with the intention of holding 'forever' ( although i do often rescue the investment cash when there is a sensible opportunity )
i seldom look at a share with a one year (plus ?? ) timeline , i am normally thinking ten year ( plus ) ( considering i am unlikely to live another twenty years , that is pretty close to 'forever' for me )
obviously a younger member can think about twenty and thirty year time-frames
with AMP ( bought in 2011 and averaged down , but sold in 2018 ) that is the importance of WATCHING your investments .. when Bell Potter put out some research on AMP explaining what the proposed super changes were going to include and AMP had millions of tiny super accounts ( as the fund of last resort, many less than $3,000 ) i realized AMP faced some big problems BUT i was in a modest profit so reached for the parachute , the Hayne Royal Commission started a little after just made me look terribly lucky .
had i just stuck AMP in the 'bottom drawer ' i would be deep underwater just like many others , but that one report was enough to spark a lucky escape ,
the last 10 years of investing has been littered with lucky escapes for me , simply by reading and thinking , the IPL escape was sparked by the drama at CTP and as soon as IPL stated signing deals with CTP , i headed for the exit ,
i don't get them right all the time , but every profit crystallized is cash i can park elsewhere
one big trap for long term holders is the current trend towards 'board refreshes ' , if you have solid management is it really a good idea to gamble with a change , if the company is BLAH maybe the problems are deeper than the board of directors maybe middle and upper management need to change as well
i seldom look at a share with a one year (plus ?? ) timeline , i am normally thinking ten year ( plus ) ( considering i am unlikely to live another twenty years , that is pretty close to 'forever' for me )
obviously a younger member can think about twenty and thirty year time-frames
with AMP ( bought in 2011 and averaged down , but sold in 2018 ) that is the importance of WATCHING your investments .. when Bell Potter put out some research on AMP explaining what the proposed super changes were going to include and AMP had millions of tiny super accounts ( as the fund of last resort, many less than $3,000 ) i realized AMP faced some big problems BUT i was in a modest profit so reached for the parachute , the Hayne Royal Commission started a little after just made me look terribly lucky .
had i just stuck AMP in the 'bottom drawer ' i would be deep underwater just like many others , but that one report was enough to spark a lucky escape ,
the last 10 years of investing has been littered with lucky escapes for me , simply by reading and thinking , the IPL escape was sparked by the drama at CTP and as soon as IPL stated signing deals with CTP , i headed for the exit ,
i don't get them right all the time , but every profit crystallized is cash i can park elsewhere
one big trap for long term holders is the current trend towards 'board refreshes ' , if you have solid management is it really a good idea to gamble with a change , if the company is BLAH maybe the problems are deeper than the board of directors maybe middle and upper management need to change as well
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Noticed around a week ago or so that Alcoa (US markets) came up in movers list more than once.
I must've noticed it when in an zombie insomnia daze, I also remember reading something about bauxite problems or issues somewhere, but can't remember more than that. ?
I sometimes fall asleep reading something and wake up startled when I drop the phone... ha! ?
So, hopefully I can remember to do some Al and Ni checking this weekend, along with copper, cobalt...and where's lithium prices at these days, still smashing it?
Here a chart to show what I missed... Is it a Big keV deal, but wait, there's more?!
I must've noticed it when in an zombie insomnia daze, I also remember reading something about bauxite problems or issues somewhere, but can't remember more than that. ?
I sometimes fall asleep reading something and wake up startled when I drop the phone... ha! ?
So, hopefully I can remember to do some Al and Ni checking this weekend, along with copper, cobalt...and where's lithium prices at these days, still smashing it?
Here a chart to show what I missed... Is it a Big keV deal, but wait, there's more?!
