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.
Ann: Becoming a substantial holder, page-12
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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
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |