Rio Tinto Share Price (RIO)

Good Evening Alas, you probably right about holding long term, I'm happy with my short term 10%, Good luck here and spend them profits ,you never know I might be back

Delighted that your target has been reached - a rise from 5400 (or whatever it was when you state you bought) to 6016 is modest but I wonder what has changed for you to sell and me to buy?

My reason for purchase is because its long term assets are in developed countries is one of the largest companies in the world and able to withstand the typical pressures that miners face (ecological as well as limited pricing power). Although world slowdown from the pandemic has had effect, it has been modest and first half earnings were only down 3%. If China cannot use the raw materials, the US certainly will for the infrastructure projects that Biden is putting in place.

Target reached n sold Gla

If it is of any consolation, Roofer61, I have bought for the 2nd time - the first time was in the early 80's which I sold in the early 90's for reasons, I cannot recall - today was my most recent, though, I should add, that the decision was not mine, it was made on my behalf in an account managed on a discretionary basis.

I am long on Rio and even if the price went down, as long as they keep paying the dividends I am in for the long haul!