Post by
helpline88 on Feb 23, 2022 3:32pm
Rio Tinto
I see Rio Tinto is going to pay a $16.8 BILLION dividend. Iron ore revenues going through the roof.
And our Management group continues to do nothing. What's wrong with them. Don't they know what is passing them by. Can somebody explain what is going on here? Doesn't management owe to it's long suffering shareholders to create some shareholder value.
Comment by
Swl1896 on Feb 23, 2022 9:14pm
This team is top notch. Lots of investment by management. They are major shareholders. 80%+ ownership by insiders and close associates. Hold on to your shares. Buy more. Can't be more than another decade until something big happens.
Comment by
Shlinker_ on Feb 23, 2022 9:53pm
I agree. Keep holding or add. Eventually this group will get it done, and when they do it's lotto time. I firmly believe eventually this co will be sold outright at a premium or will decide to produce pellets themselves (less likely). I see 1.20-3.00 per outstanding share. The resource is there.
Comment by
Swl1896 on Feb 23, 2022 10:04pm
I like your estimates. They jive with my thoughts as well. I would happy with $1.20. Ecstatic with anything above $2.00.