Rio Tinto is a world leader in finding, mining and processing the earths mineral resources. The Groups worldwide operations supply essential minerals and metals that help to meet global needs and contribute to improvements in living standards. Rio Tinto encourages strong local identities and has a devolved management philosophy, entrusting responsibility with accountability to the workplace. Major products include aluminium, copper, diamonds, energy products (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc and zircon), and iron ore. The Groups activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa. Rio Tinto comprises wholly owned subsidiaries (such as Borax, Comalco, Hamersley, Rio Tinto Coal Australia, Kennecott and Rio Tinto Iron & Titanium), partly owned subsidiaries (Coal & Allied and Palabora) and non-managed, (Escondida) and joint ventures (Grasberg) in which public shareholders, other companies or governments are partners.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Iron:        29%
Coal:       19%
Copper     18%
Aluminum: 14.5%
Minerals:  12.5%
:              6%
Misc:        1%

bloody hell, and that is an understatement!
RIO down 9.00+ having been up 3-4.00 yesterday.
Some serioulsy hurt people today following news of BHP dumping their bid .... surely that has been less than doubtful for some time.
Could be worth a small flutter to catch the bounce that must surely come

I am assuming some of the high price of RIO was due to the proposed b/out. what price would you give to stand alone. I never did get to buy in, so got lucky.
still interested. now not so sure whether to stick with this stock or go for BLT[my original plan]
Alex

have bought a few at 1559 on the basis that the downside risk is significantly less than the potential reward

cant believe lack of reaction to this today!

Not in, but what a drop ?, incredible !.

Bought the falling knife at 1450 and already 1410! Lots of stop losses hit no doubt only small position of 100 shares

Don't want to sound too negative but a few more pounds might be shaved off this yet !.

Aussie dollar has been hit where it hurts as well ! 10 is a possibility but Rio is a total psycho share to trade and 4-5 in a day standard procedure

I have put a limit order in for 1950 as 20 was such a stubborn nut for it to crack. I imagine some hedge funds will be reliving VW again today!

I assume there will be immediate broker downgrades which will compound the situation. Interesting to see that negative sentiment is always worse than positive. RIO down 40%, BLT up 15%.

and blt is at much reduced price so % is much easier to rise

read last night that usa will be paying till 2040 at least for their debts

Cynic, you are a lucky boy buying at 1559p! I bet you had a few more grey hairs when it reached 1405 ? Now in profit, glad to see.

not really .... had i not been ouit of the office, might have bought a few more, but am happy enough for the moment ...... have provisionally targetted an exit price of about 1975 for no other real reason than that 2000 may prove a psychological stumbling block

decided to take a small profit at 1649 instead of risking a loss, which could easily happen if NY falls tonight as is beginning to look very much on the cards

Good call. Closed at 1550p. Will be interesting to see where it goes tomorrow.

i have a funny feeling that it will even be below this level, but merely in reaction to NY which i also suspect will be down ..... if that is the case, i shall be tempted to dabble again

Looks like it closed at slightly above our 430 close in New York, still got to deal with Asx, have to admit selling out for 120 points today! Damn day traders!

Meanwhile, Rio Tinto, which saw its share price savaged after BHP withdrew its offer, has had its rating raised by ING from hold to buy in the wake of the share price collapse.

ING now has a price target of 2000p, down from 2200p previously, and remains concerned about Rios $39bn debt pile, which the miner is not reducing as fast as it hoped, due to difficulties securing what it considers fair value for the assets it is seeking to offload.

ING points out that Rio needs to refinance by next October around $9bn of money borrowed to acquire Alcan.
Re-loaded today at 15 for bed and breakfast trade

bed and breakfast? ...... cuddly blonde + eggs and bacon??

I wish...flog it in the open though !