Iron ore forecasts are for a lot lower, this hasn’t eventuatated. Once it’s universal that $45-55 IOP won’t occur they will roll back into RIO. Equally the BHP trade is more popular now as it has further catalysts than RIO for a rerating.
I haven’t bought my final 500 yet. Might do it Monday as RIO should fall below $74.
Long term this is a winner. CSL and COH are overvalued IMO.
Iron ore forecasts are for a lot lower, this hasn’t...
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Last
$112.81 |
Change
-1.620(1.42%) |
Mkt cap ! $41.87B | |||
| Open | High | Low | Value | Volume |
| $114.38 | $114.42 | $112.81 | $158.9M | 1.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2408 | $112.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $112.85 | 6700 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |