RIO - Rio Tinto

[Garpal Gumnut]

I've been in RIO as a long term investor when I bought at $18-20 from memory and again when I converted Warrants at $35. ( back in the 90's )

I'm interested in it's action chartwise atm.

I'll post 2 charts. The first a monthly from the beginning of it's listing and the second over the past 6mo.

It appears to me to be supported at $95 and then $90 and there may be a buying opportunity coming before it moves up beyond $105.

I'd be interested in any chartists' opinions.

gg

 

[qldfrog]

Just my opinion:
Rio share price is a reflection of commodity cycles, quite a pure one, with the added extra of a well managed company, vs bhp...
So a positive edge
More than chartists advice, maybe you could just look at commodity cycles?
This is the way i would go with Rio

 

[rederob]

Just my opinion:
Rio share price is a reflection of commodity cycles, quite a pure one, with the added extra of a well managed company, vs bhp...
So a positive edge
More than chartists advice, maybe you could just look at commodity cycles?
This is the way i would go with Rio

Commodities are generally not well priced, except for iron ore.
Last time RIO breached $100 was back in 18 June 2007 (versus 2 April, 2019).
Presently RIO is outperforming BHP because it is less diversified.
My suspicion is that as soon as the gloss comes off iron ore prices then it will be strongly affected than BHP.

 

[Garpal Gumnut]

RIO just paid a decent divi

gg

 

[Garpal Gumnut]

I like RIO.

It always behaves itself price wise.

$99.99 atm.

I'll post a chart at end of play.

gg

 

[Garpal Gumnut]

I'm looking at adding RIO to my superfund on a breakout above $110 or a retracement below $80.

Price resistance and support.

 

[Garpal Gumnut]

Onwards and upwards the ole RIO.

gg

 

[Miner]

Commodities are generally not well priced, except for iron ore.
Last time RIO breached $100 was back in 18 June 2007 (versus 2 April, 2019).
Presently RIO is outperforming BHP because it is less diversified.
My suspicion is that as soon as the gloss comes off iron ore prices then it will be strongly affected than BHP.

@rederob Intrigued by Rio Performance and reading some of the previous postings you and @Garpal Gumnut made I have few queries.
DNH Rio but do hold BHP.
Today FMG and Rio both have hiked.
We are crying against China
China is the principal consumer for iron ore from Australia for various reasons. For China - it is better and cheaper - no friendship here.
Australian government's money chest contains high content from iron ore income.
Now Rio has breached $100 - does it indicate China Australia back to business billard table again?
With gold going down means more security and hence more construction - all lead to iron ore.
@redbrob -you commented back in 2019 when no one dreamt of COVID. After one year do you hold the same view?
Back in Aug @Garpal Gumnut made a classic statement

 

[Dona Ferentes]

 

[Dona Ferentes]

repost ... somehow I messed up the entry: replying to @Miner

I notice my MND is up some 50% in the last month

and then there is activity at the smaller and more nimble end of the market, taking advantage of good prices:

Marginal miners surf big iron's $US11b investment wave

As Australia's big three iron ore miners prepare to bring new mines into a strong price environment, nimble juniors have already restarted exports.

www.afr.com

"Six years after it was in the hands of receivers, Nathan River's Roper Bar mine in the Northern Territory shipped its first batch of iron ore two weeks ago and was on Friday loading a second vessel in the Gulf of Carpentaria. Iron ore from the Frances Creek mine, owned by NT Bullion, was also transported to Darwin Port this week awaiting its maiden shipment......
Small iron ore projects are emerging from hibernation in WA too; GWR began blasting at its C4 iron ore project near the gold town of Wiluna on Thursday and was mining on Friday in the hope of trucking ore 711 kilometres west to Geraldton port next month.....
Fenix Resources is also hoping to begin shipping through Geraldton next month from its mine 490 kilometres inland."

 

[Miner]

View attachment 115876

Great figures and thanks.
With about US$1.4 b worth of Capex generating operational values in Dec, Roy Hill not included and another US$8.6 B capex by 2021-22, I speculate the following :
1. All the companies on their investment calculations back at approval stage have allowed current relation with China and current China Oz political conflicts are storm in tea cup;
2. In 2022 there will be enough appetite for iron ore and steel to meet the IRR;
3. Iron price will sustain and not become $135 to $65 per ton,
4. Iron is in bull market for next 6 years.
5. I can safely retire in 2024.
I am optimistically selling ice to Igloo residents and sand to Arabs.
Regards

 

[Garpal Gumnut]

@rederob Intrigued by Rio Performance and reading some of the previous postings you and @Garpal Gumnut made I have few queries.
DNH Rio but do hold BHP.
Today FMG and Rio both have hiked.
We are crying against China
China is the principal consumer for iron ore from Australia for various reasons. For China - it is better and cheaper - no friendship here.
Australian government's money chest contains high content from iron ore income.
Now Rio has breached $100 - does it indicate China Australia back to business billard table again?
With gold going down means more security and hence more construction - all lead to iron ore.
@redbrob -you commented back in 2019 when no one dreamt of COVID. After one year do you hold the same view?
Back in Aug @Garpal Gumnut made a classic statement
View attachment 115844

Well as anyone familiar with my posts on fundamental analysis knows I am a person of very high principles.

Until the comrades in China stop paying higher and higher prices for iron ore and I can see Chinese tanks on the Townsville Ring Rd. I will continue to hold and add RIO to my Super Fund.

Ole Bob Menzies sold Iron Ore to the Japanese right up to the outbreak of WW2 and I don’t believe his grandchildren are presently begging on the streets.

The market is always 6-12 mo. ahead of politics.

If you think the Chinese will put principles before Iron ore buy a dog. If not RIO.

Business always outranks politics imo.

gg

 

[Miner]

Well as anyone familiar with my posts on fundamental analysis knows I am a person of very high principles.

Until the comrades in China stop paying higher and higher prices for iron ore and I can see Chinese tanks on the Townsville Ring Rd. I will continue to hold and add RIO to my Super Fund.

Ole Bob Menzies sold Iron Ore to the Japanese right up to the outbreak of WW2 and I don’t believe his grandchildren are presently begging on the streets.

The market is always 6-12 mo. ahead of politics.

If you think the Chinese will put principles before Iron ore buy a dog. If not RIO.

Business always outranks politics imo.

gg

Well as anyone familiar with my posts on fundamental analysis knows I am a person of very high principles.

Until the comrades in China stop paying higher and higher prices for iron ore and I can see Chinese tanks on the Townsville Ring Rd. I will continue to hold and add RIO to my Super Fund.

Ole Bob Menzies sold Iron Ore to the Japanese right up to the outbreak of WW2 and I don’t believe his grandchildren are presently begging on the streets.

The market is always 6-12 mo. ahead of politics.

If you think the Chinese will put principles before Iron ore buy a dog. If not RIO.

Business always outranks politics imo.

gg

Hello GG @Garpal Gumnut
Well said.
Ironically (just coincidence word with iron ore), my wife and daughter have been struggling to buy a good puppy for our home. With locked down the waiting time of a good puppy from Qld or Melbourne through local agents is somewhat 18 months. That time could be right to be aligned with Harry Dent's prediction to market collapse and the perfect time to buy dogs. It is easier to buy iron ore stocks including Rio almost same day if the asking price and paid prices are aligned. So I will rather buy Rio and respect your principle.
On a more serious note with border opened, I am thinking of a party time with a kind host living at Ring Road, Townsville during Christmas. But I forgot the street number. Can you please help me to get there
Enjoy my friend-
we all love your principles and analysis - no disclaimer from me.l

 

[Garpal Gumnut]

RIO hit 52w high today.

gg

 

[Garpal Gumnut]

Well. There she blows.

gg

 

[qldfrog]

And we camarades can rejoice that Rio has embraced the Reset and pushed by our union leaders, sorry super leaders, is sacking chairman and ceo.
What a beautiful world we are living...or is it leaving?
I would suggest a non white non male non western HR specialist as the next chairwoman, cause who care about abilities anymore
https://www.reuters.com/article/us-rio-tinto-chairman-idUSKCN2AU2QS

 

[Garpal Gumnut]

This little piglet RIO seems destined for a run. Nice start to an EW 3.

gg

 

[Garpal Gumnut]

RIO seems to have a gallop on this morning. Not huge volume. But up 1.9% already.

I wonder if this is the leg up over $130.00 and then to $150.00.

gg

 

[Garpal Gumnut]

Gone through $130

gg

 

[barney]

Gone through $130

gg

Well done Garps

Its a 4 bagger on SP alone, and I assume the Divvis paid over the years would be double your original investment.

Nice when a plan comes together

ps It's gone up another buck as I typed, lol.