When BHP went ex.div last week, RIO went down about the same % on the same day. And then it has contracted on bearish (over the top IMO) commentary out of China re. iron ore. And then ex.dividend today. Trading I think about $2.50-3 below where it should.
Good news on the RIO front is that there is word that a buyer is sniffing around Pacific Aluminium, the so-called dispute with the Mogol Government re. Oyu Tolgoi seems once again overstated by the media (where it listens to activists before it listens to government or Rio), and both thermal coal and coking coal potentially out of their trough. Also sale for diamonds and IOC would be expected in 2H this year. So all in all Rio getting its house in order this year I think.....I hope!
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Last
$107.02 |
Change
-0.070(0.07%) |
Mkt cap ! $39.72B | |||
| Open | High | Low | Value | Volume |
| $107.15 | $107.89 | $106.21 | $142.5M | 1.322M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 112 | $107.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $107.02 | 6294 | 1 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |