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Should I invest in Rio Tinto?

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Should I invest in Rio Tinto?

Postby kenzie » Fri Jun 29, 2012 7:40 am

Rio Tinto shares down 21% becuase their profits are "only" $1.6billion!

Good time to invest?

I would like to place a spread bet with a 500 point stop loss, any chance that will be hit any time soon or is it a safe bet?
kenzie
 
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Joined: Tue Jun 26, 2012 1:22 am

Should I invest in Rio Tinto?

Postby jessy59 » Fri Jun 29, 2012 7:42 am

I own RIO shares. A 21 shares for every 40 shares rights issue was announced today for existing shareholders. I intend on taking up those rights and increasing my holdings. RIO is in some partnership with BHP. There is also a rumor on the market that BHP may make another acquisition.

I don't think any stock is a 100% safe bet. There's always some risk.
jessy59
 
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Should I invest in Rio Tinto?

Postby tipper » Fri Jun 29, 2012 7:54 am

Some people are saying the share price will go down to £14 and that the underwriters will be left with the stock (I don't believe it)
tipper
 
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