Digging Out of a Sino-Aussie Resource Trap
** "On the other hand, if Australia continues to ignore these concerns, there will be a price to pay." - all I want to know is "what price?" and "how much or how high?", just so I can make the necessary adjustment...
** "On the other hand, if Australia continues to ignore these concerns, there will be a price to pay." - all I want to know is "what price?" and "how much or how high?", just so I can make the necessary adjustment...
blue chips?
Hey guys
I am interested to purchase some blue chips shares just to get some idea of the share market (it will be might first investment). I am interested to invest $3k.
I am interested to invest on rio, as according to the graphs, they have a big potential. However, a friend of mine said they are in big debts and not a good company to invest on. He advised me to invest on commonwealth bank.
What do you think?
cheers
Hey guys
I am interested to purchase some blue chips shares just to get some idea of the share market (it will be might first investment). I am interested to invest $3k.
I am interested to invest on rio, as according to the graphs, they have a big potential. However, a friend of mine said they are in big debts and not a good company to invest on. He advised me to invest on commonwealth bank.
What do you think?
cheers
Chaka1988 - can't give you any financial advice on this forum.
I suggest if you are looking for a blue chip to invest in, then read through the threads for the main blue chips consider what you are looking for.. do you want High risk, low risk what not however the most important thing that I have learnt since the start Little late but working on it is to work out how you are going to manage your risk.
I suggest if you are looking for a blue chip to invest in, then read through the threads for the main blue chips consider what you are looking for.. do you want High risk, low risk what not however the most important thing that I have learnt since the start Little late but working on it is to work out how you are going to manage your risk.
- Joined
- 1 May 2007
- Posts
- 2,904
- Reactions
- 52
Option expiry today: EC = Exercise calls
filler100charactersfiller100charactersfiller100charactersfiller100charactersfiller100characters
Thanks sky. Looks like it is having a negative effect on the price, or that could be just because it is a 'not so good' day for rio shares.
Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
- Posts
- 13,347
- Reactions
- 9,461
I agree with you not many people seem to talk about this stock I think the China deal has scared many people. I have bought and sold this stock many times in the last 10 months and have made a killing on the market. I am now holding a substantial amount of this stock. Still I trade half the parcel when it is looking good.
- Joined
- 29 June 2006
- Posts
- 1,458
- Reactions
- 0
I was just going to post this.. as I have looked at RIO for a while but a quick glance and I realise I have missed some easy trading.. still holding this channel to a T
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
Still gobsmacked at the indigenous folk not wanting to add to the economy, and their own casino change.
Not to mention some health care and eduacation which might be handy in order to get yourself out from under a bush!!!!
Ranger finally powers ERA
BARRY FITZGERALD
January 30, 2010
RIO Tinto's listed uranium subsidiary, Energy Resources of Australia, is finally enjoying the benefits of higher uranium prices at its Ranger uranium mine in the Northern Territory.
But hopes ERA will be able to develop the nearby $20 billion Jabiluka uranium deposit remain just that, with no breakthrough on an agreement with traditional owners in sight.
ERA has posted a record December-year profit of $272.6 million based on Ranger production, up from $119 million previously (on an underlying basis). The result reflected the benefit of the group's realised uranium price rising from $US32.53 a pound to $US50.84 a pound.
In previous years, the price received for Ranger uranium was held back by legacy contracts written at the low uranium prices that prevailed before the market took off in 2007 in response to rising expectations that nuclear power was the long-term answer to carbon pollution concerns.
Uranium prices have retreated substantially from the $US100 a pound average in 2007 but the current long-term price of $US61 a pound is still a multiple of the price ERA and other uranium producers had to endure in recent years.
The record profit has prompted an increase in the group's final dividend from 20 ¢ a share to a fully franked 25 ¢ a share. The ex dividend date is February 15 and the dividend will be paid on March 5.
ERA chief executive Rob Atkinson said yesterday that there had been ''no change there at all'' in relation to Jabiluka. ERA signed a long-term care and maintenance agreement in 2005 that obliges it to secure the consent of the Mirarr people to develop the deposit, one of the world's biggest high-grade deposits.
''We fully respect the agreement … and we fully abide by that,'' Mr Atkinson said.
Reserves and resources at Jabiluka stand at an unchanged 141,000 tonnes. That compares with the remaining total at Ranger of 159,000 tonnes.
ERA said the outlook was bright, with a ''strong market and sustained government and public interest around the world in nuclear energy as a critical part of the mix in a carbon constrained economy''.
Not to mention some health care and eduacation which might be handy in order to get yourself out from under a bush!!!!
Ranger finally powers ERA
BARRY FITZGERALD
January 30, 2010
RIO Tinto's listed uranium subsidiary, Energy Resources of Australia, is finally enjoying the benefits of higher uranium prices at its Ranger uranium mine in the Northern Territory.
But hopes ERA will be able to develop the nearby $20 billion Jabiluka uranium deposit remain just that, with no breakthrough on an agreement with traditional owners in sight.
ERA has posted a record December-year profit of $272.6 million based on Ranger production, up from $119 million previously (on an underlying basis). The result reflected the benefit of the group's realised uranium price rising from $US32.53 a pound to $US50.84 a pound.
In previous years, the price received for Ranger uranium was held back by legacy contracts written at the low uranium prices that prevailed before the market took off in 2007 in response to rising expectations that nuclear power was the long-term answer to carbon pollution concerns.
Uranium prices have retreated substantially from the $US100 a pound average in 2007 but the current long-term price of $US61 a pound is still a multiple of the price ERA and other uranium producers had to endure in recent years.
The record profit has prompted an increase in the group's final dividend from 20 ¢ a share to a fully franked 25 ¢ a share. The ex dividend date is February 15 and the dividend will be paid on March 5.
ERA chief executive Rob Atkinson said yesterday that there had been ''no change there at all'' in relation to Jabiluka. ERA signed a long-term care and maintenance agreement in 2005 that obliges it to secure the consent of the Mirarr people to develop the deposit, one of the world's biggest high-grade deposits.
''We fully respect the agreement … and we fully abide by that,'' Mr Atkinson said.
Reserves and resources at Jabiluka stand at an unchanged 141,000 tonnes. That compares with the remaining total at Ranger of 159,000 tonnes.
ERA said the outlook was bright, with a ''strong market and sustained government and public interest around the world in nuclear energy as a critical part of the mix in a carbon constrained economy''.
- Joined
- 13 February 2010
- Posts
- 2
- Reactions
- 0
I'm still getting used to navigating around on ASF. Can anyone suggest a recent thread addressing the mechanics of playing the LON RIO vs ASX RIO arbitrage. LON appears to be a steal compared with Sydney. I'm sure this has been addressed I just haven't found it yet. Thanks.
- Joined
- 3 December 2006
- Posts
- 446
- Reactions
- 0
Any thoughts on how far Rio could fall?
Technically: Rio has broken the long term trend, and has a good levels of support under it, in my opinion still looking short.
Fundamentally: New Miners Tax Rates, China putting measures in place to slow down the growth, Interest Rate decision tomorrow and the BHP Joint Venture in the pipeline with little direction until the end of the month when ASIC is suppose to be making a decision.
I am short at the moment with a $62 June 24 Put Warrant, looks like a good shorter term trade but I have been in since Wednesday 28th April So I have a good buffer to play with.
Technically: Rio has broken the long term trend, and has a good levels of support under it, in my opinion still looking short.
Fundamentally: New Miners Tax Rates, China putting measures in place to slow down the growth, Interest Rate decision tomorrow and the BHP Joint Venture in the pipeline with little direction until the end of the month when ASIC is suppose to be making a decision.
I am short at the moment with a $62 June 24 Put Warrant, looks like a good shorter term trade but I have been in since Wednesday 28th April So I have a good buffer to play with.
Attachments
- Joined
- 31 March 2010
- Posts
- 155
- Reactions
- 0
Cant say how much more RIO is going to keep falling, even tho i am still up from when i bought mine, its not that far off.. Though am poised to grab a whole lot more with my spare cash... As everybody else, am just cautious to what happens with this wonderful tax that Krudd wants to bring in, and the Greased lightning strikes causing such a shakeup.
- Joined
- 15 October 2007
- Posts
- 37
- Reactions
- 0
My big problem with RIO is their management. Putting aside its poor debt record and bungling in their China office, they are quite prepared to derail their share price for the sake of political posturing. I mean, the threat to put off Pilbara expansion plans because of the proposed super tax was just shooting yourself (or your shareholders) in the foot. If they can't pay tax and make the Pilbara profitable, then I'm sure the Chinese would love to give it a go. Oh, that's right, they were going to sell up to Chinalco, do anything rather let BHP in, but when the government blocked it in the national interest, they threatened to sack 3000 workers.
This company is the big Un-Australian. I'm not surprised it's share price is still well under half it's record high.
This company is the big Un-Australian. I'm not surprised it's share price is still well under half it's record high.
The buy back of Rio Tinto PLC shares can anyone explain to me how this will benefit the share holder in Australia, USA and London. What are the ramifications of this decision to Rio share holders. I am asking this because I don’t fully understand.
For any explanations I thank you X
I am asking this because I don’t fully understand.For any explanations I thank you X
- Joined
- 9 July 2006
- Posts
- 5,922
- Reactions
- 1,591
I agree. BHP has been going ahead with it's RGP expansion projects and also doing feasibility studies on it's Quantum Ports + Rail Expansion projects.
Meanwhile...RIO, just announced last week that they too would be also embarking on a $11 billion expansion project. Always behind. Buying Alcoa at the peak wasn't the smartest thing either. But, it's always easy to say that in hindsight.
The buy back of Rio Tinto PLC shares can anyone explain to me how this will benefit the share holder in Australia, USA and London. What are the ramifications of this decision to Rio share holders.
For any explanations I thank you X
Share buybacks usually have the effect of underpinning the SP as the company concerned "mops up" any weak selling.
And, of course, it means a lesser number of shares on issue to share in future profits, thus enhancing eps.
Normally good news for remaining shareholders.
I don't hold RIO.
