Rio Tinto coverup Billiondollar fiasco remains without consequences

🤯 Rio Tinto: cover-up? Billion-dollar fiasco remains without consequences!

Investor lawsuit successful: Rio Tinto $RIO (-1,38 %) pays USD 138.75 million
Allegation: deception and concealment of billion-dollar problems 🕶
Project costs skyrocketed by almost USD 2 billion 🚀
Up to 2.5 years late - still officially "all okay" in 2018 🤯
CEO and top management under massive pressure 🔎
Despite settlement: project remains risky but strategically important 🔋

You can find more detailed information on the whole thing in the article by @SAUgut77 : https://getqu.in/2Wol1G/

$RIO (-0,49 %)
$RIO (-0,1 %)

Source:

https://www.boerse-express.com/news/articles/rio-tinto-aktie-schleichender-rueckgang-801420

Marcus@Helleone

I bought some more. We now have a dividend of almost 8%. I also see potential in the lithium plans

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Robin B.@RobHood10

Doesn't sound good. Hands off buying ?

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DiviMike@DiviMike

@RobHood10 For me as a long-term investor, this is no reason to panic. Quite the opposite: a good opportunity for me to buy more. Especially as my investment horizon is over 10 years.