RIO - Rio Tinto

[Rabbithop]

I wonder how this will end?

Oh Dear
Maybe $100 per share comes Monday

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

August 2024 - Following on from the July update for Rio Tinto (RIO) at the end of last month, iron ore weakness just appears to be a continuing factor weighing on the share price and has been relentless. Add into this we've also had a dividend payment on the 15th August after a bearish outside week formation at the beginning of August, and things just haven't looked great from a technical perspective whatsoever. Fortunately for investors, we now have the share price stabilising towards the end of the month of August, channelling sideways for the last two weeks of the month since ex-dividend date (momentum indicators of DMI and RSI appears to be even shifting favourably towards the end of the month).

 

[Muschu]

Hi - novice investor here. I hold RIO. Now that it's gone XD do I get the dividend if I sell some before the payment date?

 

[Skate]

Hi - novice investor here. I hold RIO. Now that it's gone XD do I get the dividend if I sell some before the payment date?

What Happens When You Sell Shares Before the Ex-Dividend Date

If you reinvest your dividends, you still pay taxes as though you received the cash. Stock dividends are generally not taxable until the stock is sold.

www.investopedia.com

Extract
The ex-dividend date is the date that the company has designated as the first day of trading in which the shares trade without the right to the dividend. If you sell your shares on or after this date, you will, however, still receive the dividend. If you sell your shares before the ex-date, however, you would not be entitled to receive those dividends.

Skate.

 

[qldfrog]

What Happens When You Sell Shares Before the Ex-Dividend Date

If you reinvest your dividends, you still pay taxes as though you received the cash. Stock dividends are generally not taxable until the stock is sold.

www.investopedia.com

Extract
The ex-dividend date is the date that the company has designated as the first day of trading in which the shares trade without the right to the dividend. If you sell your shares on or after this date, you will, however, still receive the dividend. If you sell your shares before the ex-date, however, you would not be entitled to receive those dividends.

View attachment 183750

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Skate.

Basically did you owe these share before the 25th of august and only sold these after the 15th?
If you did, you will get the dividends otherwise no..

 

[Dona Ferentes]

Hi - novice investor here. I hold RIO. Now that it's gone XD do I get the dividend if I sell some before the payment date?

you asked the same question in the AFI thread.

what's the game, pal?

 

[Bellcose]

you asked the same question in the AFI thread.

what's the game, pal?

1,229 posts and a member since 9 February 2008. Definitely seems odd. Hijacked account perhaps?

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

September 2024 - Following on from the August update for Rio Tinto (RIO) at the end of last month, iron ore's revived interest has resulted in a complete swing around in RIO's share price above various previously established support/resistance areas. Although share price is potentially quite overstretched away from the 10 day moving average, momentum indicators are quite strong (as expressed via the DMI and RSI) and indicate a definite bullish trend at present - observe market reaction at each of the support/resistance areas, as a suggestion.

 

[divs4ever]

Hi - novice investor here. I hold RIO. Now that it's gone XD do I get the dividend if I sell some before the payment date?

BUT depending on when you bought , your franking credits might be affected

if you have held RIO for only a short period , you may wish to ask your tax accountant about that ( assuming franking credits were useful to you in the first place )

cheers

 

[Smurf1976]

if you have held RIO for only a short period , you may wish to ask your tax accountant about that ( assuming franking credits were useful to you in the first place )

Isn't there a tax rule that says only amounts over $x are affected by that, effectively meaning a small "mum and dad" type shareholder can effectively ignore that and just sell?

Not certain on that but I think that's the case?

 

[divs4ever]

Isn't there a tax rule that says only amounts over $x are affected by that, effectively meaning a small "mum and dad" type shareholder can effectively ignore that and just sell?

Not certain on that but I think that's the case?

i normally hold a stock for years ( especially div. payers) so don't have to worry about that , but newer investors/traders might be affected , but i am aware there have been some changes since 2011 , when i started this investing adventure

 

[Ferret]

RIO has quickly sealed a deal to buy Arcadium Lithium.

They didn't muck around, which is good. I hold, so I hope that they haven't overpaid.

They don't have the greatest record with acquisitions. At least they are striking when the lithium sector is beaten down.

 

[Dona Ferentes]

RIO has quickly sealed a deal to buy Arcadium Lithium.
They didn't muck around, which is good. I hold, so I hope that they haven't overpaid. "They don't have the greatest record with acquisitions. At least they are striking when the lithium sector is beaten down.

Rio chief executive Jakob Stausholm expressed faith in the long-term demand for the green metal, which is needed by manufacturers of modern batteries for industrial uses and electric car makers.
“The overall trend is very, very clear, it goes only in one direction … demand for lithium is going up,” he said. “What really matters is the average lithium price over the next decade.”

Mr Stausholm said big car makers would prefer to strike lithium supply deals with a large and financially robust company such as Rio Tinto, rather than be held hostage to the cyclical gyrations of the small and specialist companies that currently dominate lithium supply.

“Our customers will appreciate a major blue chip company coming in, a company they can rely on, they can make long-term agreements with because the challenge of course for start-up companies is it can go in different directions,” he said.

“You have a number of smaller companies who are either investing a lot in lithium or are, like now, holding back on investments. I think Rio can enter and be a stabilising factor here because we think long term.”

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

October 2024 - Following on from the September update for Rio Tinto (RIO) at the end of last month, it appears that the share price was indeed overstretched from the 10 day moving average at the end of last month and has returned back to below prior resistance areas. Towards the end of October, we now see the share price beginning to have issues with both the 10 and 30 day moving averages, as well as the long term support/resistance area of $119.63 from 3rd April. Should this area not be surpassed in the near future, we could see further downside in the share price considering momentum is flat at present, as shown by DMI/ADX and RSI.

 

[IvoryWolf]

***** FINAL MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

November 2024 - As discussed in the October update for Rio Tinto (RIO) at the end of last month, the long term support/resistance area of $119.63 from 3rd April certainly proved troublesome during the month of November and continues to act as resistance at the end of the trading month. However, it is interesting to note that with the retracement of price action, a solid bounce off the previously untested support/resistance area of the open of $114.01 from 30th July occurred in mid-November as we start to observe a turn around in the price of iron ore. Observe market reaction at the resistance area of $119.63 alongside the DMI/ADX indicators for signs of potential breakout.

 

[Garpal Gumnut]

From the fundamental view RIO has a major problem with it's dual UK/Australia listing which favours London 77/23. An activist investor Palliser is pushing to abandon the dual listing and base RIO stock purely on the ASX.

RIO needs to raise funds for its Lithium bet and this is complicated by an Australia Govt. veto on Chinalco a Chinese shareholder holding more than 14.9% of the company. This causes the issuance of shares to raise capital problematic. The London based board is keen to continue the dual listing.

It is a shame as the RIO price is much constrained by this kerfuffle.

gg

 

[Dona Ferentes]

Aust. lithium projects on care and maintenance, but that doesn't mean the entire sector is sunk..

Rio Tinto to invest $2.5 billion to expand Rincon lithium project capacity to 60,000 tonnes per year​

12 December 2024

Rio Tinto has approved $2.5 billion to expand the Rincon project in Argentina, the company’s first commercial scale lithium operation, demonstrating its commitment to building a world-class battery materials portfolio. Rincon's capacity of 60,000 tonnes of battery grade lithium carbonate per year is comprised of the 3,000-tonne starter plant and 57,000-tonne expansion plant. Rincon’s mine life is expected to be 40 years, with construction of the expanded plant scheduled to begin in mid-2025, subject to permitting. First production is expected in 2028 followed by a three-year ramp up to full capacity, generating significant job creation and economic opportunities for local businesses.

Rio Tinto Chief Executive Jakob Stausholm said: “The attractive long-term outlook for lithium driven by the energy transition underpins our investment in Rincon. We are dedicated to developing this tier 1, world-class resource at scale at the low end of the cost curve. We are equally committed to meeting the highest ESG standards, leveraging our advanced technology to halve the amount of water used in processing, while continuing to grow our mutually beneficial partnerships with local communities and Salta province.
“Building on Argentina's supportive economic policies, skilled workforce, and exceptional resources we are positioning ourselves to become one of the top lithium producers globally. This investment alongside our proposed Arcadium acquisition ensures that lithium will become one of the key pillars of our commodity portfolio for decades to come.”

Located in the heart of the ‘lithium triangle’ in Argentina, the Rincon project consists of brine extraction using a production wellfield, processing and waste facilities, as well as associated infrastructure. The project uses direct lithium extractio technology, a process that supports water conservation, reduces waste and produces lithium carbonate more consistently than other methods.

Rincon is a large, long-life asset, with Ore Reserves 60% higher than we assumed at the time of acquisition. It is expected to be in the first quartile of the cost curve, demonstrating resilience and ability to operate profitably through the cycle.

This investment supports Argentina’s ongoing ambitions to become a world-leading lithium producer. Argentina's economic reforms and the new Incentive Regime for Large Investments provide a favourable environment for investment, offering benefits such as lower tax rates, accelerated depreciation, and regulatory stability for 30 years, protecting the project from future policy changes, as well as enhanced investor protections.

 

[Dona Ferentes]

Rio CEO Jakob Stausholm said the long-term outlook for lithium was bright as the green energy transition gained pace, and the low-cost production at Rincon in Argentina’s “lithium triangle” would ensure the site’s profitability .

“We are positioning ourselves to become one of the top lithium producers,” Mr Stausholm said on Friday. “This investment alongside our proposed Arcadium acquisition ensures that lithium will become one of the key pillars of our commodity portfolio for decades.”

Rio Tinto is the only major bulk miner making a significant push into lithium; industry peers such as BHP and Anglo-American have avoided it. Although Glencore has made minor investments, these efforts are dwarfed by Rio’s commitment.​

With its Rincon investment, and the looming $US6.7 billion acquisition of New York-listed Arcadium, Rio has focused its lithium portfolio on South America’s prolific brine deposits. This is a move away from Australian hard rock lithium projects which typically demand higher capital investment to extract the ore..... though some have commented the Rincon direct lithium extraction technology process is "novel" and early days.