http://news.smh.com.au/business/guinea-mining-concession-cancelled-20080803-3p71.html
I reckon this is massive news. Will probably get worked out fairly quickly for a few more 000's on the end of the government bills but could make the market a bit more bullish on IO prices in the short-term. Expectations have been a little bit more subdued lately over next years raw materials prices but if Rio are actually looking at Simandou being delayed by a chunk then people will start doubting whether a iron ore surplus is really waiting for the market in ~2010/2011.
Might really boost a few more of these smaller guys and as we all agree UMC is near the very top of that list. Or is certainly climbing there fast.
I wouldn't enjoy be the Rio PR guys cause this is gonna be focused on big time till its sorted out.
http://news.smh.com.au/business/guinea-mining-concession-cancelle...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |