WhiteRhino
I believe in having a significant degree of certainty about things and RIO in my opinion, is the most certain one in the market today.
The only unforseens are either:
1. Asset Sales - RIO would have to write down massive losses if it was to attempt this.
2. A white Knight aka Chimalco
3. Raise in commodity prices
All of these factors hinge on China. The Chinese have problems of their own at home at the moment so in the short term (and possibly the long), I am opening others eyes to the obvious short which was (and may well still be) available to them on RIO.
what happened?, page-26
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Last
$116.19 |
Change
-3.280(2.75%) |
Mkt cap ! $43.20B | |||
| Open | High | Low | Value | Volume |
| $116.50 | $116.87 | $116.02 | $31.19M | 267.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 73 | $116.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.20 | 54 | 2 |
View Market Depth
| Last trade - 10.58am 12/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |