It's a great pity RIO's management aren't of as high a quality as its resources. In my view, no one else but current management is accountable for the large drop in the SP of what was only a few months ago, such a profitable and well positioned company. The current management have taken it from that position to a company that had, at one point, a lower market cap than NCM.
Why they are still in the board room is anyone's guess. Had my management looked to be on the road to cutting in half the value of the company they were engaged to run, I would have sacked them ages ago.
rio in uk, page-6
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Last
$129.13 |
Change
1.680(1.32%) |
Mkt cap ! $47.93B | |||
| Open | High | Low | Value | Volume |
| $130.00 | $130.99 | $128.80 | $435.6M | 3.356M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1868 | $129.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $129.14 | 2404 | 2 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |