In my opinion RIO is a stock that everyone should consider holding. It has such a diversification of mineral assets. It has paid out great dividends to shareholders over a long period of time. Fully franked.
RIO has not been afraid to be flexible by selling assets that are decreasing in demand whilst acquiring those that are increasing in demand. What shareholders appreciate.
I would like to see management negotiate with Willy Packer for a full takeover if ERA. I believe they currently own around 86% and WP around 9%. They could then sit upon the Jabiluka resouce until Mirrar people can see the vast economic benefit to them. I reckon that when the Ranger mine rehabilitation is completed and added to Kakadu NP this will be a great example of what RIO is capable of when mining has been completed.
Just my thoughts.
In my opinion RIO is a stock that everyone should consider...
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Last
$112.43 |
Change
-2.990(2.59%) |
Mkt cap ! $41.73B | |||
| Open | High | Low | Value | Volume |
| $115.93 | $116.04 | $112.13 | $184.0M | 1.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3122 | $112.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $112.44 | 2200 | 1 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |