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Platinum is not dead yet, so why offload it? Probably because they want to offload South Africa, viewing the country as not conducive to running a business effectively. Unfortunately that is where the PGMs lie. If they do offload it, like Thungela, I hope I get some shares.

I think the value of mothballing is it is an admission that the board made a gross error in taking the development on without the funds to do the job. They now recognize their incompetence and are pleading for someone else to buy the company before existing shareholders give them the push. The sooner the better, either way.

Yes, grim. "We think it might be worth something sometime, but not now, so we are hanging onto the mine and hoping someone else will buy it later".

Another dead mine with no prospects. Time to sell AAL?

My opinion is buybacks make no difference. Coal is just good to be in with energy shortages around.

I am not one of the largest shareholders, so they did not ask my opinion :) , but I am easy on this matter. If woke still rules, then the split companies can do better separately, and I will hold both, but I would prefer one conglomerate.

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.

All this fuss with AAL and BHP - there's a lot to be said for iron as well, and don't forget RIO is more than just iron with exciting newer prospects in various places. Hold all 3 forever and pile in what you can.

@ drfiter : "have just calculated my dividend (72c)payout versus what was paid and yes it’s 30% less"

30% less than what? 72 US cents was the full dividend with no WHT and that equates to GBP 0.562983 at the prevailing conversion rate (as in the RNS) and that is what I received in the UK.

Yes, me too. It does seem too big a drop given that AAL will refuse. I hope.

I don't want platinum. I want to be selective and have more BHP shares.

If you reinvested in London, yes, no matter where the original shares were bought, dividends from the new shares will not have WHT.

Everything SHOULD be at record highs, that is what inflation means. Exaggerated by terrible government creating sterling drop.

I think this is a fair price for a long term hold, and have bought half my shares back (which proved better than taking the dividend) but will delay on the other half before I commit.

"Operational" and "strategic" challenges. I would say having no workers, no money, and no equipment is a serious operational challenge. But I cannot see a strategic challenge, the only strategy is in future to avoid any companies with these people like the plague.

And still falling. I sold all (NOT at peak) yesterday intending to avoid the WHT to buy back today, but it seems too early to get back in. I will be watching this, as I believe it is still a good share to be in, but not to buy until a trough has bottomed. I expect I will get the timing wrong on that, as well.

"Sold" of course, not "bought".

They bought a bundle (pushing the share price up) to give away later, so the net effect of that is to destroy the cash assets and lower the company value and share price - yes? Might not be a good time to buy tomorrow, this could be dropping more than the dividend value.

Overner : "bought them at their peak" may have been more convincing if you posted that on Friday rather than days later :)

Come back in 3 years

Dragon, I reckon the locker has lots more. Look where this was a couple of years ago, and reflect that (a) inflation has occurred (b) half the mines have NOT collapsed, exhausted, or been sold off (c) demand will not disappear long term. Fundamentally this company is worth owning.