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.
The irony is the share price of RIO and BHP is for a materially...
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Last
$120.59 |
Change
-0.080(0.07%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $121.00 | $121.27 | $120.36 | $26.36M | 218.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 86 | $120.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.60 | 122 | 5 |
View Market Depth
| Last trade - 11.44am 02/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |