RIO 0.39% $119.68 rio tinto limited

my only regret was pulling an order on FMG for 50,000 shares at...

  1. 5,236 Posts.
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    my only regret was pulling an order on FMG for 50,000 shares at $3.80 odd, it would have been hit too on the way down. Nevertheless have done extremely well with less risk, but more $ into BHP and RIO.

    Copper continues to baffles myself and clearly analysts. The stockpiles are so small, it’s still struggling. Supply unlikely to ramp up, and barriers to entry to find a tier 1 deposit and even now ESG/environmental rubbish for approvals is going to constrain supply for decades. But it languishes!!!! Instead iron ore takes off again. I’m not complaining because BHP has always been my largest holding by far, and Rio is still a top 10 for me.

    Next issue is where to deploy our large dividends from these beautiful iron ore miners!!!
 
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