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MM views on AWC

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question asked

MM views on AWC

“Hi James and Team Can I have your view on CXO - Core Lithium and is AWC - Alumina still a Buy? Also on 4/2 you hosted an online Uranium conference. You were going to provide more insight to the event. Have I missed seeing it or is this still on the agenda for this week?” - regards Debbie G.

Answer

Morning Debbie,

A few questions in here so please excuse the brevity:

1 – Core Lithium (CRO) : in just a few weeks this almost $300m lithium business has rallied over 4x before halving illustrating its speculative nature, we are neutral at this stage.

2 – Alumina (AWC) : a clearly disappointing performer within the Resources Sector this year with its latest quarterly update not inspiring. However we remain positive the sector and Aluminium testing its 2-year high we feel should ignite the stock in the coming months, the stock reports later this month and a forecasted yield above 6% fully franked bodes well assuming the numbers are ok i.e. the stock could end February on the correct footing.

3 – We will indeed discuss the Uranium conference in a report later this month.

AWC
MM remains long & bullish AWC
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