@BigLeon RIO dipped into cash reserves to prop dividends and hide the very poor profit outcome. SP is also way down comparatively. You pay a board to act in the best interests of shareholders. Do you think RIO is balancing production against market conditions to give the best returns to shareholders? If the answer is No, which in my humble opinion it is; then they are not doing the job we pay them for!
Increasing supply by iover 8% into a crashing market will only ever give one outcome; which they well know. China has already indicated they will NOT let this happen and have supported Vale with investment, ships and contracts; one of RIO's biggest competitors is now better off due to this strategy. This is rational and outstanding performance as you indicate? Hardly in my view.
End game - lowest cost wins, page-11
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Last
$127.45 |
Change
4.230(3.43%) |
Mkt cap ! $47.31B | |||
| Open | High | Low | Value | Volume |
| $126.25 | $127.95 | $125.00 | $303.5M | 2.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1052 | $127.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.49 | 3457 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |