£25 looking very possible here Jolly... Decent FTSE 100 Dividend share going chirpy'
All the forecasts are for copper and iron to go lower in the next 12 months as RIO and BLT, allegedly, try to drive their competitors out of business. I don't think we will see this bottom until we begin to hear about the small and medium sized Aussie miners going bust in significant numbers.
Buy in price for me 25.50, doing my research on this and BHP billion, seem a little unloved by the market
I think selling their coal assets (currently in the press) will be good for RIO - it will position them as the only generalised miner that the (growing) fossil fuel divestment crowd can buy(unlike eg BLT which has coal and oil too). And coal seem pretty low margin.
showing some support...I still have this down at £25 before meaningful bounce, but impossible to tell
RE: What happened on the 24th June?
Looks like it was when the Chinese stockmarket started heading south.
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