'They are saying they are putting on hold plans until they do some further analysis.'
What make you so dead sure that this is bluffing, purely tactics? How far in total has the price fallen since the release of the Henry review? The market has a very very good way of seeing through things that don't really matter (as you are suggesting applies to this).
I think you need to realise that they could indeed cut out of some of these future projects and that it isn't neccesarily a bluff. Have a look at the RIO share price today anyway. It is usually worth remembering this: the market is always right.
karoshi.
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expansion plans shelved, page-16
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Last
$120.99 |
Change
-0.180(0.15%) |
Mkt cap ! $44.91B |
Open | High | Low | Value | Volume |
$121.52 | $124.12 | $117.14 | $437.7M | 3.621M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 28 | $120.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$120.99 | 2912 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28 | 120.860 |
1 | 1000 | 120.810 |
1 | 869 | 120.600 |
1 | 28 | 120.560 |
1 | 80 | 120.500 |
Price($) | Vol. | No. |
---|---|---|
120.990 | 2912 | 1 |
121.130 | 3114 | 1 |
121.290 | 3114 | 1 |
121.300 | 200 | 1 |
121.420 | 1366 | 2 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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RIO (ASX) Chart |