Money….Dig deep with Rio Tinto

rio

down we go………

Rio Tinto deal with Chinalco collapse on the weekend, sending the share price down around 4% this morning with possible further falls coming.

Lovely opportunity to gain +100 points easy money shorting this share –  The fact that the share price has risen some 50% since the original Chinalco proposal was announced has left share holders worried that the stock has peaked.

Rio Tinto’s announcement of possible BHP joint venture leads to conclusion that further stock price will fall due to $20bn of debt payments needed over the next two years.

Rio Tinto Website

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