Alumina’s share price rises

Alumina's share price has increased 10% after Chinese group CITIC announced it was taking a 13% stake. Gaurav Sodhi explains what it means for investors.

Contrarian investing is often difficult and lonely. After upgrading maligned alumina producer Alumina in Alumina: lousy business, hot opportunity? on 05 Oct 11 (Speculative Buy – $1.44), we watched stoically as the share price gradually halved.


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