Rio Tinto Share Discussion Threads

[turvart] 03/5/2019 19:22

It all depends on which way you look at it I guess, I suppose an high Sp avoids shorters more because with CFD trading you have to put up 20% margin and that gets expensive when the share price is at this level, but at the same time you could argue that if you can only afford 3 shares per week at this share price level then upon a 2-1 share split I could afford 6 and maybe push 7, but I certainly can’t push 4 weekly, horses for courses. But I think a 2-1 share split would be good because the average person that doesn’t understand trading would say, “have you seen Rio, that’s cheap, let’s buy it”
It happened with my prime example of Google.

[turvart] 03/5/2019 19:00

I’ve decided to sell my car and buy a cheaper car and with the rest I’m going to buy more shares in my pension portfolio, Rio is at present my favourite stock, great fundamentals and very cheap IMO, I think Rio should be at least 6000 with the fundamentals this company holds, a share split wouldn’t go a miss, because most people that don’t understand fundamentals think this is getting expensive when in fact it’s cheap, Google is a prime example of what I’m talking about, they split the shares 2-1 and within a couple of years the share price was back up to what it was before the split.

[the grumpy old men] 03/5/2019 18:16

MINING.COM



Rio Tinto speeds up exploration at Winu copper find in W. Australia
Cecilia Jamasmie | about an hour ago |
Rio Tinto speeds up exploration at Winu copper find in Western Australia
Rio has already applied to build an airstrip to support the operations. (Image courtesy of Rio Tinto.)

Mining giant Rio Tinto (ASX, LON:RIO) is ramping up exploration at its Winu discovery in Western Australia, which could be the company’s major copper project in years.

Speaking at conference in Sydney this week, group executive of growth and innovation Stephen McIntosh said the company’s main goal for now is to determine whether Winu was a “Rio Tinto scale” project.

The copper-gold-silver discovery, a potential major boost for the company's growth options, is about 130 km. from Newcrest's Telfer copper-gold mine in the East Pilbara. It’s also close to numerous copper prospects discovered recently by juniors and 350 km southeast of Port Hedland, the world's largest bulk export port.
"Winu copper-gold-silver discovery, a potential major boost for the company's growth options, is about 130 km. from Newcrest's Telfer copper-gold mine in the East Pilbara."

Rio has so far drilled 24 holes at the site and will continue extensive drilling in months to come as part of its $250 million exploration program. If the company finds that Winu is not a “Tier 1” asset, it would move on to other exploration projects.

Analysts have questioned Rio’s ability to scale up its copper business quickly without making an expensive acquisition. The company recently had to delay first production from the $5.3 billion underground expansion of its Oyu Tolgoi copper-gold-silver mine in Mongolia. Originally scheduled for early 2020, it's now expected to happen in the third quarter of 2021.

In December, Rio sold its entire interest in the Grasberg mine in Indonesia, the world’s second-biggest copper mine, as part of a deal that put an end to years of disagreements between operator Freeport McMoRan (NYSE:FCX) and the country’s government.

Rio Tinto believes the copper market will go into deficit by 2020 amid expectations that bigger power grids around the world and an electric-vehicle boom will boost demand, while supplies will remain constrained.

Last month, the world’s second largest miner decided to invest a further $302 million to advance its Resolution copper project, in the U.S. state of Arizona, as part of its bid for increasing its exposure to the red metal.

However, industry analysts at CRU say the coming online of major projects — Anglo’s Quellaveco (2022), Teck’s Quebrada Blanca expansion (2021) and First Quantum’s Cobre Panama (already in production) will momentarily eliminate the gap between supply and demand.

The research group has cut its forecast deficit and now expects the market will be in a small surplus this year and next, but short again by 250,000 tonnes by 2023.

[turvart] 03/5/2019 18:13

Wish I had the funds to buy yesterday, I’m accumulating these slowly for my pension, got paid now, will add when market opens.

[podgyted] 03/5/2019 11:00

Citibank goes for high iron ore for all of 2019 - peaking in next few months at $100+.

[podgyted] 03/5/2019 02:57

This is my favourite graph.



It's not about the absolute level but the fact it's 40% higher than the previous year - Rio must be making hay.

The key question is how long it will last and will it retrace back to the $60-$70 level.

The impetus on the way up was the Vale dam disaster. I personally think the Brazilian government will tie Vale up in knots for quite some time. While the rate of growth in China is slowing it's still over 6% and I heard that steel production is clocking in at 9% growth.

There seems to be a mis-match between certain analysts and the companies (RIO, BHP etc)who see no problem with China.

Anyway, like to hear other's views.

PT

(Iron ore isn’t traded like other commodities.

Benchmark indices collect data every day from industry sources and calculate a "spot price" according to their methodology. As transactions between buyers and sellers can be conducted in closed-door negotiations using different currencies and ore grades, transparency and accuracy can be an issue. A hefty fee is also charged for access to the end-of-day data.

As a proxy, most online stockbrokers and charting programs use the NYMEX Futures price.)

[turvart] 02/5/2019 22:13

Yes Rio is very cheap at these levels

[the grumpy old men] 02/5/2019 10:27

Citigroup Buy 4,800.00 Reiterates

[turvart] 26/4/2019 19:26

Hi,
I am a very big fan of the fundamentals of this great mining stock and wish to add a new thread so people can debate the pro’s and con’s. I hope this thread will take off because I see there is little debate on ADVFN about Rio.

Regards.

[turvart] 12/4/2019 16:04

I added these today for my pension portfolio, great fundamentals, still looking cheap imo, I’ll be adding more when funds permitted.

[andyadvfn1] 20/3/2019 10:11

https://www.ft.com/content/a0a1d620-4ab4-11e9-bbc9-6917dce3dc62

[andyadvfn1] 20/3/2019 09:53

Iron ore price fall

[pj fozzie] 20/3/2019 09:26

Anyone know why the sudden drop today? Can't see any news that makes sense of it.

Have I missed something?

Cheers,
PJ

[gf13] 07/3/2019 11:33

it is -7%. my platform (investing com ) was glitching..

[gf13] 07/3/2019 09:38

the actual price now 4,150.50 -143.95= -3.35%___ not bad, i think it will recover very soon..

[andyadvfn1] 07/3/2019 08:44

Bloomberg reporting share price down on broker downgrades, no mention of the 7% xd.

[ny boy] 07/3/2019 08:24

Buy and hold I have since 2016

STX, MSYS,AOR,PFC, INFA, a few of my fav long term holds dyor as always

[demo trader] 07/3/2019 08:17

4135p at the mo.

[gf13] 06/3/2019 18:23

I am not planning to sell tomorrow or any time soon because i think the share price has a potential to go higher in the sort/medium term, it was just a theoretical question. As i said i am learning..thanks again

[thistle1971] 06/3/2019 18:06

Clearly expecting a drop but do we think it will be the full 7%

[dexdringle] 06/3/2019 17:59

The price should fall by around £3 per share tomorrow to reflect the fact that those buying will not receive the div and special div due in April.

Unfortunately, it isn't a case of buying for the div, and selling for the same price once qualified (otherwise we'd all be doing that!)