Rio Tinto Share Discussion Threads

[robrah] 20/4/2017 09:32

And most brokers are wrong.i tho buy now u would have figured it out christh.

[christh] 20/4/2017 09:07

the £ is down but Rio is not affected as it holds $ as its trading currency.

looking at the trading statement is looking very good.
Despite the bad weather in Australia and the strike in south America, the production has not stopped and other minerals have been increased making it very attractive for the 2nd half of 2017.

Rio Tinto PLC Rio Tinto releases Q1 2017 production results


Rio Tinto Scales Back Copper Production Target


TOP NEWS: Rio Tinto Keeps Iron Ore Guidance Despite Disruptions
Rio Tinto PLC said it delivered "solid production" in the first quarter of 2017, and reiterated full year guidance for iron ore shipments from...


Most of the brokers have a target price of £38-£42.

[arja] 20/4/2017 08:28

so that is why the move higher but coming off now !

[robrah] 20/4/2017 07:29

Production numbers dont look to rozy . But the gbp has calmed down for a bit .let see what happens

[arja] 19/4/2017 22:16

Ian- I thought cable moved higher because of likelihood of a big Tory majority .

[robrah] 19/4/2017 13:17

Mid night spikes in gbp often tend be revisit during the day . 1.30 soon for the gbp

[robrah] 19/4/2017 13:15

29 today ??

[ian davenport] 19/4/2017 10:09

looks like the cable move over 1.29 was a typical early Tokyo morning overshoot - now the bottom is in at 1.20, I reckon 1.30 should hold us till the dust settles over the election - if it starts looking like anything other than a decisive Tory win, we might see GBP rise on the "hopes" of a fudged soft brexit/limited brexit/no brexit deal - I can't see it , but then think of the unlikely events over the past year we've already discussed

[arja] 19/4/2017 08:06

yes, hot 1.29 exactly and now retreated to 1.2823 at this moment .

[robrah] 19/4/2017 07:42

Gbp seems to have broken out and now going gangbusters at 1.28 Usd income stock taking a hit

[arja] 19/4/2017 07:30

thanks for info ian and I will check it out . Aussie mining stocks reversed early losses and mainly finished up on the day, eg RIO up 1.55% . MAY mean a bounce in UK too but who knows !

[ian davenport] 18/4/2017 20:58

obviously replacing the xx in the first one!

[ian davenport] 18/4/2017 20:57

never been able to find a reliable one Arja, largely cos the only place it seems to "trade " as we would understand is the nymex - 62% China port - if Roman is still around he probably has a better idea - i'm not sure how much Rio share price follows this, or if its just something trotted out to satisfy journos as to why something has moved
try this hxxps://www.barchart.com/futures/quotes/TRY00
or this
- try it in a pop up dynamic window

[arja] 18/4/2017 18:33

anyone got link to iron ore chart please ?

[robrah] 18/4/2017 16:57

Production report tomorrow(tonight auz time). Should be exciting.

[robrah] 18/4/2017 11:19

And one more thing to add to the list . Uk elections now .

[robrah] 18/4/2017 10:19

Good luck ward collector Its all brewing here , the universe want this down. -Gbp is looking to break out( If it does big fall for rio)-iron ore is tanking (if it does not recover soon big fall in rio )-supply is ever increasing (pushing iron ore lower)-cant see the big spending trump ( less demand) promised on infrastructure. May get a whole lot cheaper before be goes up again .Not saying it will all happen today but can see this going in the 20s again.

[wad collector] 18/4/2017 10:12

Not sure that will have a big impact on the sector ; I just added at 3040 . 10% upside looks likely to me over the summer , providing Trump doesn't do anything to plunge the World into chaos....

[robrah] 18/4/2017 09:36

Also big risk events not far now . French election coming up very soon.

[robrah] 18/4/2017 09:06

Christh hope u r watching. This is close to cracking 3000. Next stop is 2900

[arja] 18/4/2017 08:45

Robrah- yes, a short term bullish trade can become a long term investment or loss if do not cut loss quickly. I know that from bitter experience and never do that nowadays .

[christh] 18/4/2017 08:15

Robrah,
if its scary, do not try and short it!
you are trying to bite more than you can chew, so stay away.

Rio is doing well, and quality iron ore, is still being paid high prices.

[christh] 18/4/2017 08:11

yes,Rio is going up.
Rio is buying more shares for its share buy back program as the shares are cheaper.
They were up in the US not much but slightly positive.
So watch out for a recovery in the London market.

[robrah] 18/4/2017 08:09

Scary part is this may end below 30 and keep going lower for till results come out and that too may not be enough to provide a dead cat bounce .Looks like the party is over for those with a time frame of a few month . This will now most like become a long term investment.lol