Rio Tinto Share Price (RIO)

So where else should RIO go then driftking?....a banana Republic somewhere. See what that would do for the share price.

Spot prices

https://tradingeconomics.com/commodity/iron-ore

Read this is in Australia Financial Review Saturday.

“Time for Rio Tinto dual-listing rethink with Anglo American in play”.

Rio is not in a play for Anglo, anyway. However some points below can be relevant for investors here.

“Currently, the ASX-listed shares are trading at more than a 25 per cent premium to the Plc shares, the widest gap since 2013. And a widening and sustained spread is forcing people to revisit the long-running question of whether Rio could unlock more value for investors with a different structure.”

“This, and the growing valuation gap, is making it hard to ignore the DLC. In the past month or so, domestic (means Australian here) investors – estimated to be underweight the resources sector – have piled into the locally listed Rio shares as miners globally started to outperform.”

“European investors tend to use Rio’s Plc stock as a way to trade China, and a more bearish outlook has them selling”.

End of quotes

In other words, Euro sheep gets scared by tabloid propaganda and sells Rio, while Aussies see the value in their business/assets and buy. In my opinion, having HQ and listing in London is a leftover from distant past when Britain worked and prospered. This is long forgotten and moving out is well overdue.

I quote from this morning's commodity market:- Prices for iron ore cargoes with a 62% iron ore content rebounded to $117 per tonne in May, the highest March, as increasing demand was met with uncertain supply.

There is no excuse for laziness. You could read results RNSs available on this web site; you could look at RIO's web site. If you cannot be bothered to do these things you should not be investing.