RIO Technical Analysis, page-13

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Marasco

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10/01/24

18:55

Post #: 71819086
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Originally posted by Exised: ↑

Agree re copper. If I had to do it again and we were at the commodities nadir (2015/16), I'd probably have a more Fe centric mining portfolio rather than Cu centric. That whole Green Energy, Low-carbon and Electrification (vehicle or otherwise) narrative got me hook line and sinker...

I've lived through a couple of commodities boom the last 20+ years of investing. It has been the same story for Cu all along. There is always a bullish case for Cu (and Au) but never the run that you want. At least when Fe runs it runs, none of this Copper price Cha-cha (3 steps forward, 3 steps back then sideways, rinse repeat)

No such shenanigans in bulk mines (IO/Fe). If I had to complain about Fe, getting the mine/plant online in the first place is the main bottleneck. Case in point would be my IO cornerstone FMG. Iron Bridge was 1 year late and $US1.3 billion cost blowout. I used to shiver whenever I think about it but all good now that it is up and running. Maybe that is just how things go in building mines these days Fe, Cu, Au, Li or otherwise because S32's Hermosa looks to be following the same impairment then cost blowout extravaganza and that is definitely not IO.

The price we pay for investing in the mining neck of the woods...

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speaking of IO - I'm surprised I haven't seen you over at MIN...

RIO Price at posting: $128.90 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $119.22		Change -0.040(0.03%)		Mkt cap ! $44.50B

Open	High	Low	Value	Volume
$119.64	$120.40	$119.22	$85.86M	716.8K

Buyers (Bids)

No.	Vol.	Price($)
4	71	$119.21

Sellers (Offers)

Price($)	Vol.	No.
$119.22	164	7

View Market Depth

No.	Vol.	Price($)
1	50	119.580
6	233	119.570
1	25	119.560
3	160	119.550
3	347	119.540

Price($)	Vol.	No.
119.590	16	1
119.600	744	10
119.610	62	2
119.620	541	12
119.630	582	7

Last trade - 15.16pm 19/06/2024 (20 minute delay)

RIO (ASX) Chart

RIO Technical Analysis, page-13

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

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Buyers (Bids)

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RIO Technical Analysis, page-13

Top Stories

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News