Bullish Sign? - Bounced off 200 EMA, page-2677

Our BFG and hopefully BFF, Rio Tinto announced excellent results today :

As announced in the AFR in this link that is MIA https://www.copyright link/business/rio-tinto-delivers-56b-special-dividend-20190227-h1bs9h
(Best to search headline to see full story?)


“Rio Tinto delivers $5.6b special dividend
James Thomson and Brad Thompson
Updated Feb 27, 2019 — 5.37pm, first published at 5.21pm

Rio Tinto's has rewarded shareholders with a $US4 billion ($5.6 billion) special dividend, after delivering a better than expected full-year earnings result.....



-So maybe this means that, as all the updates and news have been collated for the First Half, and presented (along with various bits of extra news), it can start keenly applying itself to rolling out the  good news for H2?
There are only 16 weeks to go with more Koodaideri news in the wind as well as further information in regards the $2.15B Robe Valley and  West Angelas projects https://thewest.com.au/business/min...r-expansion-to-create-1200-jobs-ng-b88976954z



NB One of the ‘various bits of extra news’, as per the AFR story, was this:

......”Rio also finally unveiled an exciting copper find at Winu in the Paterson Range in the East Pilbara, in a major boost for the company's growth options.

"It is early days and we have more work to do, but the initial result from drilling are pretty encouraging," Mr Jacques said. "There is copper, there is gold and there is silver."

Rio has drilled 24 holes and found mineralisation close to the surface. Extensive drilling will continue as part of the company's $US250 million exploration program.

The find is about 130 kilometres from Newcrest's Telfer copper/gold mine in the East Pilbara. Many of the world's biggest mining houses are hunting for copper, which is expected to fall into a supply deficit in the coming years

Speculation has been mounting about the Paterson discovery since it emerged Rio has been quietly investing in infrastructure in the area, including an airstrip and access roads.”


It’s been mentioned before .
It’s good to see it’s now official
It’s good to think this new project will create (and has created?) opportunities which may lead to new work/alliances with NRW Holdings
Cheers