One broker has RIO with a potential upside in 2005 as $52.
Thats spanktacular !!!
Iron ore reneg with the japs is 30% plus and RIO has over $1.2bn USD in the bank waiting to nail bargins or return funds to shareholders - in any event its trading at a ridiculous discount of 25% to its peers on global indexes - thus, if their was a correction if would not effect RIO as much as others ( anglo and say BHP) yet, why has RIO been stuck in the mud ? it eludes me.
RIO is a screaming BUY under $40...
singas
( i hold rio )
rio rio - massive reevaluation!!!
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Last
$119.26 |
Change
1.100(0.93%) |
Mkt cap ! $44.27B | |||
| Open | High | Low | Value | Volume |
| $118.22 | $119.62 | $118.10 | $171.6M | 1.442M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 296 | $119.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.26 | 1765 | 1 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |