Realist
Billie Jean is not my lover
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Ken said:
Don't be negative!
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Bought 500 yesterday and sold this arvo at 1.30 for 1k profit.....like the graph, but it was just a position overnight....realy wanted to keep over the weekend.......but set my rules at a 1 day profit for that one.....but can see a big week on the bulls coming.......
NEWS for me was the 10% hike on iron ore price expected, and the partnershp in more good dirt......a good day all round for the market.......and fridays are usualy pretty calm.....monday highs?.....don't care now...it's the weekend.....going fishing..........
NEWS for me was the 10% hike on iron ore price expected, and the partnershp in more good dirt......a good day all round for the market.......and fridays are usualy pretty calm.....monday highs?.....don't care now...it's the weekend.....going fishing..........
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Re: RIO - Rio Tinto moving back to $ 76.00
Finally copper prices have firmed and will rebound on rising industrial and housing demand in China and the U.S. The metal has tumbled far enough from an all-time high last May to have reached ``fair value,''
CVRD to pay out 1.65 billion in dividends in 2007
All base metals now clawing their way back up above the water line !
www.basemetals.com
Finally copper prices have firmed and will rebound on rising industrial and housing demand in China and the U.S. The metal has tumbled far enough from an all-time high last May to have reached ``fair value,''
CVRD to pay out 1.65 billion in dividends in 2007
All base metals now clawing their way back up above the water line !
www.basemetals.com
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From that article posted, what allows RIO to spin off its uranium deposits which BHP can't?
I think that it's because BHP's Olympic Dam not only has uranium, but also huge deposits of copper (gold, and silver). Seeing as copper is one of BHP's core metals, it's very unlikely that management would ever think about spinning off Olympic Dam.shinobi346 said:
A couple of quick Google searches shows that RIO has interests in two (producing) uranium mines: a 68% interest in Australia's ERA and a 69% in Namibia's Rossing. Both of these are solely uranium mines.
So perhaps Citigroup thinks RIO could spin-off a 'holding company' with just these two stakes in the above, which are both significantly sized mines. With the outlook for uranium, there would no doubt be many bidders.
So perhaps Citigroup thinks RIO could spin-off a 'holding company' with just these two stakes in the above, which are both significantly sized mines. With the outlook for uranium, there would no doubt be many bidders.
Garpal Gumnut
Ross Island Hotel
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RIO seems to have been in a sideways move since early 2006, finding support at $65-70 and finding it difficult to break up through $80. It seems to have gapped up in the last 3 trading days on increasing volume, and indicators such as RSI and 5/15/30 day moving averages are promising. I have a reasonable number in my SMSF and feel comfortable with its trading range. Garpal
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I think there is a good chance that the profit figures will surprise on the upside tonight.
We have seen a rise, and I think that will continue through the day. We will have a strong close. Above $28 IMO
We have seen a rise, and I think that will continue through the day. We will have a strong close. Above $28 IMO
Yes, result is good.
Rio Tinto Group, the world's third- largest mining company, posted a 20 percent gain in second-half profit after prices for copper and iron ore surged on demand from China.
Net income rose to $3.64 billion in the six months to Dec. 31, from $3.03 billion a year earlier, the company said in a statement. Second-half profit, which was calculated from full- year figures reported today by the London-based company, compares with the $3.72 billion median estimate of six analysts surveyed by Bloomberg. Rio raised its final dividend 54 percent.
A five-year commodity rally, fueled by China's economic boom, has spurred profit at Rio Tinto, enabling Chief Executive Officer Leigh Clifford to buy back shares. He's also investing billions to expand iron-ore production and develop the company's uranium assets to maintain growth as prices for copper and other metals decline.
``The big challenge for Rio will be to maintain earnings growth when commodity prices are coming down and cost pressures remain,'' Nick Hatch, an analyst at Investec Securities in London, said today by telephone. He has a ``hold'' rating on the stock.
Shares of Rio Tinto fell 21 pence, or 0.8 percent, to 2,694 pence as of 9:23 a.m. in London, giving the company a market value of 41.6 billion pounds ($81.6 billion). The stock closed 2.2 percent higher A$78.29 in Sydney, before Rio published its earnings.
``We expect prices to remain well above their long-term trend over the course of this year,'' Chairman Paul Skinner said today in a conference call in London.
Rio Tinto Group, the world's third- largest mining company, posted a 20 percent gain in second-half profit after prices for copper and iron ore surged on demand from China.
Net income rose to $3.64 billion in the six months to Dec. 31, from $3.03 billion a year earlier, the company said in a statement. Second-half profit, which was calculated from full- year figures reported today by the London-based company, compares with the $3.72 billion median estimate of six analysts surveyed by Bloomberg. Rio raised its final dividend 54 percent.
A five-year commodity rally, fueled by China's economic boom, has spurred profit at Rio Tinto, enabling Chief Executive Officer Leigh Clifford to buy back shares. He's also investing billions to expand iron-ore production and develop the company's uranium assets to maintain growth as prices for copper and other metals decline.
``The big challenge for Rio will be to maintain earnings growth when commodity prices are coming down and cost pressures remain,'' Nick Hatch, an analyst at Investec Securities in London, said today by telephone. He has a ``hold'' rating on the stock.
Shares of Rio Tinto fell 21 pence, or 0.8 percent, to 2,694 pence as of 9:23 a.m. in London, giving the company a market value of 41.6 billion pounds ($81.6 billion). The stock closed 2.2 percent higher A$78.29 in Sydney, before Rio published its earnings.
``We expect prices to remain well above their long-term trend over the course of this year,'' Chairman Paul Skinner said today in a conference call in London.
Realist
Billie Jean is not my lover
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BREND said:
I don't think it is that good at all..
Profit is less than what analysts expected, just.
The dividend rise is great.
The outlook good. But who knows really?
Overall a very average result I think.
Kauri
E/W Learner
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Rare spider threatens to stop $12b iron mine
29th March 2007, 9:00 WST
29th March 2007, 9:00 WST
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Anyone still riding this one????
Rio has leaped through that $80.00 on high volume (however that doesn't really mean much at the moment with every other stock on the ASX universe surging!).
Today, it opened at about $83.00 and the rest of the day it was heavily traded upward, although was sold off towards the end of the session. Next stop for this one is the $90.00 area. IMO, with metal prices the way they are and the flow of money coming in before June 30, this cash cow should continue on its merry way. Brokers target prices are all the way up to $100 - not sure we will get there, but bullish outlook IMO never the less.
Cheers
Reece
Rio has leaped through that $80.00 on high volume (however that doesn't really mean much at the moment with every other stock on the ASX universe surging!).
Today, it opened at about $83.00 and the rest of the day it was heavily traded upward, although was sold off towards the end of the session. Next stop for this one is the $90.00 area. IMO, with metal prices the way they are and the flow of money coming in before June 30, this cash cow should continue on its merry way. Brokers target prices are all the way up to $100 - not sure we will get there, but bullish outlook IMO never the less.
Cheers
Reece
