I disagree a $700m odd provision is a month or less free cash flow for RIO to fund.
agree IOP too high, hence RIO is trading on a sub 10 PE on said Goldilocks pricing. Remove Vale disaster pricing and RIO is fairly valued around $75. It was close to that.
Ill buy a lot more if she’s goes sub $80.
over reactions, page-76
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Last
$110.09 |
Change
1.690(1.56%) |
Mkt cap ! $40.86B | |||
| Open | High | Low | Value | Volume |
| $110.42 | $111.63 | $109.38 | $294.4M | 2.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 317 | $110.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $110.40 | 100 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |