RIO 0.61% $123.47 rio tinto limited

ANother ugly day tomorrow, page-2

  1. 9,081 Posts.
    RIO is now selling below its break up value (around $32).

    Historically, it has always been excellent buying at around its "break up" level as it usually trades with a 20% premium (minimum) on this level.

    Fundamentally, I see the stock as a sound long term buy.

    Future growth will come from the Asian region - predominantly China (a potentially massive market).... also Japan, Korea etc.

    Its "Asian growth" is destined to become its dominant profit engine, supplanting its American growth as its main driver.

    Sure ... it may go even lower .... not a bad idea to start "dollar cost averaging" some long term purchases of RIO at these levels.

    I think it is getting close to bargain buying time re. RIO

    Cheers, X
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Open High Low Value Volume
$123.39 $124.38 $122.13 $378.1M 3.070M

Buyers (Bids)

No. Vol. Price($)
1 157 $123.44

Sellers (Offers)

Price($) Vol. No.
$123.47 11821 2
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Last trade - 16.10pm 18/06/2021 (20 minute delay) ?
-0.760 ( 0.69 %)
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$123.21 $124.40 $122.15 389991
Last updated 15.59pm 18/06/2021 (live) ?
RIO (ASX) Chart
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