RIO - Rio Tinto

[over9k]

This thing's been giving me the shits since december. Definitely a value stock (and a bloody good one at that).

 

[Garpal Gumnut]

RIO has retraced to $129.95 at 3.43 pm. I guess it will potter about $130.00 for a while.

gg

 

[rederob]

An interesting comparison:

https://www.tradingview.com/x/RASsvBtA/

 

[boofhead]

At the GFC time RIO had a lot of debt. After surviving that they reduced their debt a lot which could explain the bigger drop for RIO at the time of GFC.

 

[qldfrog]

At the GFC time RIO had a lot of debt. After surviving that they reduced their debt a lot which could explain the bigger drop for RIO at the time of GFC.

I have to say on the mining side: process, vision, technology..from what i knew then working with the big miners up to 5y ago: RIO was MUCH better than many of the other main competitors

 

[divs4ever]

i do not hold RIO

RIO will be putting out it's results soon ( within the next 2 days )

will it meet expectations or rattle the commodities market

( i hold BHP and FMG is out of my target range ) , but am still watching some smaller iron plays , i am hoping for some contagion if RIO disappoints

 

[striek]

Earnings are out. I believe RIO handily beat consensus despite a bad miss on unit costs and IO shipments.

Dividend is eye watering at US$5.61/share.

Very curious how the market responds, and as above, clues as to what this means for BHP and FMG.

 

[over9k]

Earnings are out. I believe RIO handily beat consensus despite a bad miss on unit costs and IO shipments.

Dividend is eye watering at US$5.61/share.

Very curious how the market responds, and as above, clues as to what this means for BHP and FMG.

Yeah the market's priced in an awful lot already. I can't think how many companies I've seen beat even massively inflated expectations and still nosedive on the news.

 

[divs4ever]

i will be watching to see 'the ripple-effect'
i doubt that effect will help me in the coming week , but who knows

good luck everyone

 

[Garpal Gumnut]

RIO would appear to be the Crown Casino of International Diggers.

No matter how much bad press she gets, what nation or belief they stuff up, up she gets for another run.

I had seriously considered exiting a very long term holding but will stay in for another 5 years.

I guess the UK and Australian economies must depend so much on RIO to provide in-short-supply cash, much like GM in the USA.

They could blow up Canberra with the epicentre at Parliament House and the price would only advance.

And we would all cheer here at the hotel.

gg

 

[dyna]

Ex div date yesterday. S. P. down 7 % on not particularly huge volumes. Insto's trimming their large holdings, probably. Clever, eh?

 

[Garpal Gumnut]

I have adjusted my buy/sell levels for RIO.

Sell : Don’t

Buy : Above $130.00
Below. $105.00

gg

 

[Dona Ferentes]

Ex div date yesterday. S. P. down 7 % on not particularly huge volumes. Insto's trimming their large holdings, probably. Clever, eh?

RIO is majority owned by non Aust domiciled funds, for whom imputation credits are of little use. Probably just a bit of FTSE/ ASX arbitrage.

 

[dyna]

Just reading about a June, this year, Senate report where Rio kept quiet about knowledge of the company's careless loss of native artifacts ( gone missing 25 years ago, from traditional lands where it has six iron ore mines). Some important stuff loaned out to the N.T. University even turned up on a Darwin rubbish tip !
They have one Aussie on the board now, so maybe a bit of sensitivity to the original landowners could be forthcoming. Can't be that difficult, surely?

 

[divs4ever]

U.S. House committee moves to block Rio Tinto's Resolution mine

U.S. House committee moves to block Rio Tinto's Resolution mine By Reuters

U.S. House committee moves to block Rio Tinto's Resolution mine

www.investing.com

 

[over9k]

Indians not getting enough or something. They'll work it out (pay the necessary bribes).

 

[divs4ever]

must have forgotten to bribe the appropriate government official

maybe the Indians don't trust RIO ( they are not Amish they do communicate globally )

 

[qldfrog]

must have forgotten to bribe the appropriate government official

maybe the Indians don't trust RIO ( they are not Amish they do communicate globally )

It's ok, they can always go back directly to Biden when he wakes up from his nap. Bribes run into the fsmily it seems

 

[qldfrog]

More trouble ahead

https://www.reuters.com/article/us-...on-to-stop-industrial-pollution-idUSKBN2G70EN

 

[divs4ever]

but , but isn't lithium going to make clean batteries ??

seems we still have NIMBY

maybe the lithium fairy will come along and magically zap into existence a million tonnes of processed lithium every year , so nobody will have to mine and process it