highly likely at discount,
even with all the uncertainty and everything,
its way oversold IMO,
after the rights, and all the dust settles about chinalco, etc etc
price should get back to approx 54~59 in month or two.
less, debt and JV with bhp,
regardless of how many people whine about BHP getting the better end of the deal of JV, it is no doubt the JV is better than not having it for RIO.
all the uncertainty about chinalco and rights issue are already priced in,
should bottom out around the 50-51 line.
i jumped on around 50.9.
i'd top up more if i had some cash.
my opinion.
DYOR
highly likely at discount,even with all the uncertainty and...
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Last
$111.42 |
Change
1.010(0.91%) |
Mkt cap ! $41.36B | |||
| Open | High | Low | Value | Volume |
| $111.86 | $113.38 | $111.37 | $121.4M | 1.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 273 | $111.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $111.49 | 698 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |