Rio Tinto Share Discussion Threads

[arja] 01/11/2016 16:15

yes , what a turnaround and builders rocketing in a bad overall market . beats me !

[robrah] 01/11/2016 10:25

flying this is not stopping now . tide has turned . don't think Trump or no this is going up now . fall in gbp is also helping

[robrah] 01/11/2016 08:18

and it goes up . 29 no far now . yesterdays high of the day exceeded. this is one way train now

[robrah] 31/10/2016 15:49

looks like it may close near the HOD.

[jdb2005] 31/10/2016 12:50

I agree - best to wait and see how markets react to possible Trump victory !!

Polls have narrowed over weekend & traders will dump stock if next few days there is possibility Clinton may lose.

[bigtbigt] 31/10/2016 12:27

I think this is now mainly all about pound weakness against USD.

I am not at all confident this will continue given developments around US presidential election.

I'll sit and wait for a share price drop before putting pounds back into this one.

[robrah] 31/10/2016 11:57

strong out performance against the market and hit a new 52 week high today on 50p to 60 to hit 29

[arja] 31/10/2016 11:26

hard to put a timeframe on it Robrah as a tumbling dow would hinder any upward movement . But I think £30 is chart resistance and might reach that point in fairly near future .

[robrah] 31/10/2016 10:27

likely this will hit 29 by the end of this week . this is holding strong above the previous resistance and why not it is getting more free cashflow . higher commodities prices and disposals move above the resistance and 52 week high is a clear sign. hopefully dividend will be uped back to the previous levels

[jdb2005] 31/10/2016 07:46

China's appetite for iron ore for steel making will help Miners pickup.

hxxp://www.chinadaily.com.cn/business/2016-10/28/content_27201978.htm

[arja] 30/10/2016 18:30

yes, quite nice looking chart of late Robrah .

[robrah] 28/10/2016 16:28

highest close in a year confidence is now building

[robrah] 28/10/2016 15:16

I think rio is going it's own way. gbp fall is doing the trick in the second half of the year . more value for divi paid. commodities prices picking up . if this can be sustained we may even hit christh s entry price.

[arja] 28/10/2016 14:43

dow doing well as FTSE weakens and sometimes hard to figure markets .

[robrah] 28/10/2016 12:17

boom third time luckyhoping for 30 now

[robrah] 28/10/2016 08:40

inflection point

[gbenson1] 28/10/2016 08:37

Almost hitting 12 month high (2818.50)

[robrah] 28/10/2016 08:37

it has probed and breathable 28 .3 times now . third time luck to 30 quid fingers crossed

[arja] 28/10/2016 08:34

RIO seems to be a buy on intra day weakness for a day trade in last week or so. Same pattern today . nice weekend all.

[gbenson1] 25/10/2016 14:48

Positive RNS due, resources sector on fire today..

[christh] 25/10/2016 10:00

Coal price soars, sees mines reopen
October 25, 2016News Sharon Masige

The current surge in coal prices has signalled positivity in the resources sector, leading to announcements of mines reopening both in Australia and overseas.

Last week the coking coal price reached $230/tonne, soaring from the $75 mark a few months prior, according to the Financial Times. Thermal coal also had a hike in price, reaching more than $100/tonne, and ending a five-year bear market where prices dropped to as low as $40.

The price increase follows China’s decision to reduce coal mine production from 330 days a year to 276, decreasing production by 10 per cent compared this year.

This has also sparked a surge in imports, with September coal imports increasing by a third to 24.4m tonnes, compared to last year.

It has also had coal producing nations awaiting an economic boost as they begin reopening halted mines.

Glencore recently announced the reopening of the Collinsville mine in Queensland, creating 200 jobs in the region. This was welcomed by the state premier Annastacia Palaszczuk who said, “This is yet another piece of positive news for the north and ongoing evidence of green shoots appearing in the resources sector.”

The state is also expecting the reopening of at least three other mines, with NSW planning three as well.

“What we are seeing in the coal industry are companies willing to invest because they see the fundamental drivers of global demand for high-quality Queensland coals as remaining strong,” Queensland Resources Council CEO Michael Roche said.

Since 2011, 500 mines have closed in the US, leaving around 30,000 workers out of a job.

Last month, US company ERP Compliant Fuels purchased three mothballed mines in British Columbia, Canada and is recommencing operations. Another US company, Ramaco, is also planning to restart two coking coal mines this year.

Whitehaven has also noted a ramp up of production following the surge in price, having quadrupled production in four years according to chief executive Paul Flynn.

The company’s September quarter results recorded an increase in coal output, attributing it to strong demand and China’s crackdown on production.

Flynn also went on to suggest that if prices stayed at $75 for a sustained period of time, miners may begin to invest in new mines.

However, other groups believe the rally will be short lived, with analyst at the Institute for Energy Economics and Financial Analysis, Tim Buckley, saying the seaborne trade is in structural decline and global coal demand will drop by 2.3% this year.

[arja] 14/10/2016 08:59

had a nice trade for a change by buying late yesterday and selling in opening auction . Bit risky to take it overnight ! Short term trend is still up I think which bodes well for those holding stock .

[careful] 13/10/2016 13:42

they mark 'em up and they mark 'em down.
looks like the commodity bull run is over again so down we go.
grom £32 to £15 to £27 to....
such wild swings,a 25% fall will be nothing if recent past form is any guide.

[arja] 13/10/2016 13:37

still falling and no sign of bottoming yet . Builders rocketed today !

[robrah] 13/10/2016 10:50

hopefully u r following u r own advice