RIO 2.07% $121.45 rio tinto limited

Walsh is wrong on output

  1. 2,444 Posts.
    lightbulb Created with Sketch. 45
    Sam obviously thinks he's pretty tough by publically backslamming Twiggy because of his calls to cut back IO production.
    But Twiggy makes sense to me.
    Picture a small town with 3 bakeries.
    Because a local mine closed , population has dropped, but the 3 bakeries continue to produce as many pies as they did when the demand was higher.
    And to persuade people to have a second pie, they have cut their prices.
    But 2 of the bakeries are retarded, and decide this is a good time to bake more pies.
    So they do, and the price has to be reduced even more.
    And when the owner of the 3 rd bakery says, lets cut back as we no longer have the same population, he is publically ridiculed.

    The difference is Sam is an employee with an ego to be No 1 king dick , whilst Twiggy is an owner.
    Ivan Glasenberg from Glencore is an owner and things BHP and RIO are crazy.

    Thumbs up if you think Sam is a wrong.
 
watchlist Created with Sketch. Add RIO (ASX) to my watchlist
(20min delay)
Last
$121.45
Change
2.460(2.07%)
Mkt cap ! $45.08B
Open High Low Value Volume
$120.08 $121.76 $119.14 $162.3M 1.344M

Buyers (Bids)

No. Vol. Price($)
2 876 $121.40
 

Sellers (Offers)

Price($) Vol. No.
$121.45 2545 1
View Market Depth
Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
RIO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.