I'm going to stick my neck right out here for a hiding to nothing.
I don't think there will be another bid.
I think that Alcan is a bad buy for RIO, they paid too much for it ..... aluminium prices are way off their peak & hard to see it recovering while energy prices are high (aluminium production is hugely energy dependent)
so how did mr market n analysts get it so wron, page-18
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Last
$121.36 |
Change
1.780(1.49%) |
Mkt cap ! $45.06B | |||
| Open | High | Low | Value | Volume |
| $120.30 | $123.78 | $119.52 | $103.6M | 855.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 40 | $121.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $121.41 | 41 | 2 |
View Market Depth
| Last trade - 13.49pm 14/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |