News: RIO GFG's South Australian energy retailer signs deal to supply power to state gov't, page-12

RIO at 5 year high. Hope the Li business takes off, although I have a (minority) contrarian view about Li.

Problem with RIO and BHP is that an entry into any market has to be very big to make even a ripple on their EBITDA. Hence, both are prone to massive losses when they get it wrong. I'd be the first to criticize them both for the massive destruction in shareholder value over the last 15 -odd years.

You'd think if playing the big tickets they'd have the firepower to do the best DDs in the world. Sadly, both have trimmed their "profit centres" to skeleton crews, meaning they will always be prone to errors unless their culture changes dramatically.