Looking at the chart, $34 maybe the best RIO can do in the current climate - put warrants could be the go.....from yahoo news:
RIO TINTO Chief Executive Leigh Clifford said that demand for the company's products has remained relatively flat since the end of the June first half.
He said the U.S. economy is a significant driver of commodity demand but recent U.S. economic data hasn't been encouraging
For full version of the story and quotes, go to the following link:
http://biz.yahoo.com/djus/020822/0033000018_2.html
RIO CEO comments
Add RIO (ASX) to my watchlist
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Last
$113.49 |
Change
2.710(2.45%) |
Mkt cap ! $41.12B | |||
| Open | High | Low | Value | Volume |
| $112.54 | $113.70 | $112.12 | $52.72M | 469.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 227 | $113.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.49 | 175 | 3 |
View Market Depth
| Last trade - 12.12pm 27/05/2022 (20 minute delay) ? |
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Last
$113.19 |
Change
2.710 ( 1.80 %) |
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| Open | High | Low | Volume | ||
| $112.34 | $113.70 | $112.25 | 28907 | ||
| Last updated 12.31pm 27/05/2022 (live) ? | |||||
| RIO (ASX) Chart |