Rio Tinto Share Discussion Threads

[eggbaconandbubble] 28/4/2023 12:16

Podgy. Why not buying into companies? The possibly launching a bid.

[yump] 28/4/2023 09:32

Oh dear another post from someone who appears to have time-travelled forwards from pre-enlightenment days.

Or perhaps just desperate to feel special, with no ability to do anything special - which is pretty sad really.

[paulruss1] 28/4/2023 07:10

Sonia Elijah summarises Horror Bombshells found in Pfizer's Latest Data Dump:

- Well over 1/2 pregnancy cases reported adverse events
- 53 spontaneous abortions
- 1/5 lactation cases report adverse events
- Facial paralysis, blurred vision, swelling of lymph nodes

Redacted news covers more of the data:

hxxps://rumble.com/v2ko732-breaking-new-bombshell-pfizer-documents-reveal-damning-data-redacted-with-c.html

[podgyted] 27/4/2023 23:31

They're buying mining assets not companies - fronted by Chinese mining companies.

[eggbaconandbubble] 26/4/2023 13:44

Anyone get the feeling the Chinese government are slowly buying up mining stocks?

[wj12] 25/4/2023 14:15

This has taken a right hiding recently

[action] 25/4/2023 12:04

normally in summer month mining stocks goes down. more so this time around due recession fear in USA.

[stoopid] 25/4/2023 11:27

Do u think sub 4500 will come again soon or will it take a while to drift that low?

[action] 25/4/2023 11:17

If you target is correct all other mining stock will fall further.

[craftyale] 24/4/2023 12:15

Happy to see my divs reinvested today

[montyhedge] 24/4/2023 08:01

My target 4550p.

[montyhedge] 23/4/2023 19:37

Same here looks like mining shares look weak. But will be a time to buy.

[waldron] 23/4/2023 17:46

GOOD LUCK WITH YER NEXT BUYS TED

TAKE CARE AND KEEP SAFE

chuckle and cheers

[cassini] 23/4/2023 12:48

I'm going to wait and see if RIO's price at least starts with a 4-handle before considering venturing back in.

Looks like a global recession this year is baked in, just from the interest rates yield curve inversion alone.

[sundial1] 22/4/2023 08:15

Days of china Government pumping money stimulus are over .they juggling with the housing sector hundreds of billions of debt.day's of iron won't be good for a while.

[action] 22/4/2023 07:05

Goldmine conviction list going to be kiss of death for RIO. Seen with Imperial in past.

[philanderer] 22/4/2023 00:22

Market report..

..Glencore's blue-chip London competitors also endured a tough session amid low commodity prices and global political decisions. Iron ore is hovering close to four-month lows at $120 per ton.

And as a result, Rio Tinto, a major iron ore supplier, shed 5.7 per cent, or 311p, to 5131p. Rio wasn't helped by whispers that China, which accounts for 70 per cent of the world's iron imports, is likely to cut demand in the second half of 2023 as the government adopts a more conservative approach.

[philanderer] 22/4/2023 00:12

Goldman Sachs says the Rio Tinto share price is ‘compelling value’ after Q1 update


Goldman highlights that there were positives and negatives from Rio Tinto’s quarterly update. It said:

RIO reported a broadly strong start to 2023 with record 1Q Pilbara iron ore shipments of 82.5Mt (+3% vs. GSe) due to the ongoing ramp-up of the Gudai-Darri and Robe Valley mines, positioning RIO to hit the top end of the of 320-335Mt guidance range (GSe 335Mt).

Copper production increased 10% QoQ to 145kt but fell short of our 157kt estimate due to lower than expected head grades at Escondida in Chile and equipment outages at Kennecott (Bingham) in the US. As a result, RIO has reduced copper production guidance by 60kt to 590-640kt (GSe revised to 636kt).

The broker also highlights that there are a few uncertainties in regard to growth projects, but was pleased with the Oyu Tolgoi ramp up. It adds:

On a positive note, the ramp-up of the Oyu Tolgoi block cave is tracking well with the UG rates increasing to ~3Mtpa (8ktpd) and ahead of our estimate. Other growth projects have seen some delays with the schedule and budget for the Rincon lithium project in Argentina under review and no further details on capex or timing for Simandou iron ore in Guinea.

Overall, thanks to its “compelling relative valuation” and strong free cash flow and dividend yield, the broker remains positive and keeps the miner on its conviction list.

[montyhedge] 21/4/2023 16:26

Be careful could be dead cat bounce Monday morning.

[philanderer] 21/4/2023 16:09

Broker downgrades and copper price falling.

'Copper prices shackled by sluggish demand'

[eggbaconandbubble] 21/4/2023 16:03

Well, if nought else the yield is improving - "Always look on the bright side of life - de dum, de dum, de dum."

[sundial1] 21/4/2023 15:58

eggsbacon more to come average down