Clearly RIO thought Sam Walsh and Andrew Harding were on the wrong track of mass production of iron ore and selling at crazy low prices.It didn't work and they have been given their marching orders.Karma !
I think new management will get the right balance and I expect the good side of $60.00 by end of this year.I also think the sleeping Elephant India will awake , as twiggy suggested at his AGM .Well worth a listen to if you google.
AXZ Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held