The irony is the share price of RIO and BHP is for a materially lower iron ore price. Albeit FMG isn’t trading at that lower multiple factoring in the likely 40% discount to spot they’ll receive for their low grade ore.
World gone mad. I also suspect a rush to this in the new year leading up to the dividend coupled with Chinese steel restrictions easing post the Olympics.
Its a big buy. I started adding more a couple months ago. $94ish, and $89 so far.
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Last
$120.97 |
Change
-0.480(0.40%) |
Mkt cap ! $44.90B |
Open | High | Low | Value | Volume |
$120.30 | $120.99 | $119.09 | $152.4M | 1.265M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8 | $120.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$120.97 | 49150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8 | 120.960 |
1 | 171 | 120.910 |
1 | 300 | 120.820 |
1 | 5 | 120.650 |
2 | 2328 | 120.610 |
Price($) | Vol. | No. |
---|---|---|
120.970 | 49150 | 1 |
121.000 | 7589 | 4 |
121.020 | 2709 | 1 |
121.030 | 2328 | 1 |
121.110 | 2328 | 1 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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RIO (ASX) Chart |