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Https://polaris.brighterir.com/public/greatland_gold/news/rns/story/r77q27r
Greatland Gold farm in to Rio Paterson South licenses
Moving up well today ,also bsfa money moving in there after US listing .Want to see rio continue to move up .
Copper (-1%) & IRON ORE (-3% ) down overnight is reason for drop.
Worth a look currently new company just listed looking to acquire a big lithium project. Little to no eyes on it at the moment worth an entry.
Sp doing well today
Over the last 5months Iron Ore has gone from $80 a TON, to $130 in Feb to $106 today. The so called China reopening news doesn’t seem to be going the way analysts are expecting this year, hopefully turnaround will materialise next year.
I also read on another matter about European Gas Futures by Goldman Sachs.
I take this with pinch of salt.
Gas futures for delivery in November could well triple from current price €35.
Theory is based on lower prices occurring now to that of December 2022, people will be starting to use more, thus driving up prices, on top of storage of LNG being severely limited.
Hope there so wrong
Nice to see back over 50 bucks
CNBC - NEOM
Saudi Arabia is building a futuristic City in the middle of a vast desert— from scratch:
https://twitter.com/CNBC/status/1655711677604560902
NEOM is the largest construction project in history and has the highest Iron Ore consumption in the world:
https://saudigazette.com.sa/article/625034
AAL has gone bad already :(
GLA
No, but from what I read on these boards Barclays are one of the worst for late paying of dividends. Not a lot you can do except vote with your feet and transfer to a more efficient broker.
Hi - I'm with Barclays but have still not received my dividend - Are any fellow LSE people in the same boat as me. I had the same issue with Glaxo which took an age to come through.
I'd be happy to sell at £440
£440_450 is coming.
driftking27, at the risk of sounding impertinent, investors have many different objectives, timeframes and attitude to risk. Me? Well I target capital growth and my tolerence to risk is HIGH. For me, a dividend is a welcome bonus. My time line? Well as I am in my mid 60's (my wife is a few years my junior) and we both fully anticipate living until in our 90's, we have a timeline of 30 to 40 years. Exactly the sort of timespan that is appropriate for the level of risk.
There are few jobs that will be "safe" as Artificial Intelligence or Machine Learning coupled with robotics is probably the future. As a broad and sweeping rule of thumb, the Northern Hemisphere has the brains and the Southern Hemisphere, the resources. Poor old piggy in the middle will suffer, either through famine, conflict or disaster.
This "old school investor" knows that I will get things 80% right with 80% of my chosen investments, I also accept that 20% of the time these "good" investments will go sour and some might go bust. But, this investor HAS to always be on the lookout for new investments as, first, you don't get rich by not banking profits, second, sometimes a duffer is picker. third and probably most importantly, is there a better place for investment to be made.
There are many other things to consider, of course, but simplicity helped me 5 decades ago.
As we are drifting away from the business of RIO to advice, a field in which I am neither qualified nor authorised to give advice, I shall confine my future comment on this b.board to the business of RIO.
For your eyes only
https://www.fool.co.uk/2023/03/12/heres-the-rio-tinto-dividend-forecast-for-2023-and-2024/
&
https://www.ajbell.co.uk/articles/investmentarticles/259396/ftse-100-dividend-forecasts-slide-amid-uncertain-climate
GS and ANZ have already stated thst dividends from these two miners will be lower for next couple of years from here seem on AJBELL graphs
If you do your due diligence you will find out the payout will be around about 6.5% yield todays price roughly. There will be a cut to Julys payout too which has been factored into this calculation
There are many places , posted links here too showing US & AUZ analysts expectations
Good luck.
Support is at 45-47.
On this note this morning First Republic bank has just been seized by US Feds and sold to JPM after collapsing .
There may well be more to come, so i would tread carefully. Wait and watch the VIX is my clue
The 2021 interim and final both had a special dividend and the total pay out was 756.42p per share!
This was always going to be cut on lower metal ore prices so I cannot understand why anyone would be surprised or upset at this. The current dividend on last years full 2022 was 406.98p and that yields 8.08% on todays SP, still pretty decent.
People perhaps waking up to fact that dividend was slashed...
If Rio sp keeps falling,at what price do i sell the car to buy more ?!
45 Is on the way.
My largest holding (% wise) is NVDA at 3% portfolio. This is followed by MSFT, ASML and VW. All exceed 2%.
Nothing would induce me to invest in TSLA as Musk is a liability. AMZN and WMT have been in my portfolio. FWIW I am a fan of pharmaceuticals, financials, and venture capital trusts. Geographically am inclined towards India and S America through IT’s focussing on manufacturing and infratructure
alas
ai is about to disrupt everything, the companies that can take advantage will have massive advantage.
Will this affect your buying decisions. Data will be money. Shame tesla hasnt got a divi. Please spill !
driftking27, you are so far off the mark it is amusing. My portfolio started in 1979, the first holding was Shell Transport and Trading. I have achieved average compound growth of 12.87% over this period including a loss last year of over 22%. My average bargain these days is £25,000 and RIO represents 0.5% portfolio - it was 2% portfolio during last year but I received a substantial inheritance following the death of my father. The quantity held has remained unaltered.
Whether we like it or not, mining activities will continue for as long as the food chain needs transport, communication needs copper and buildings require concrete.
That I have picked duffers in the past and taken losses is sensible. I invest the proceeds in businesses where not only I expect to recover those losses but also profit from my decision. The investment decisions I am making now are very different from those over 40 years ago. Once I retire, I need my savings to be of sufficient amount to last 30 years. I also fully intend to gift most of it to my children in as efficient a way as possible.
I start to buy this when it goes below £50 small regular buys via T212 then transfer to my is a when it goes back up. Interested to hear when others start to buy at .ATB
Driftking : more like up 1% now post market. Nevertheless like you I am long term (since 2014) and have bought in this big dip. Didn't need TA for that. This is a solid share now 15% of portfolio, and I am convinced the tide will turn and steel be in demand again. I shall be here with it.