After a quick google…there appears to be optimism that China will curtail its aluminium production for environmental reasons:
The aluminium price doesn’t appear to have leapt upwards at this stage…but it has been rising steadily anyway, for the past year:
Here I have overlaid the share price of AWC (Alumina Ltd), another producer exposed to the aluminium price, and the AWC share price has also ramped up over the same time frame as S32:
last 2 days closing prices would be fair value on the market as it is what its selling for, doesnt mean that is fair value if you are looking at buying.
I had a share last week get their results out and they were good and looked underpriced based on the profits plus expected growth, then within the day they were added as a good buy by 3 advisers and they have jumped 20% in the last few days
Finally offloaded telstra for a minimal profit. It has been less than what I paid for most of the time I held. Just happy not to have lost. Time to do more research and throw it back in the market at some point.