Chinalco & friends can accumulate more RIO cheaply by shorting BHP to below 3.4:1 while at the same time ensuring that RIO owners will not accept the 3.4:1
Ratio is currently 3.58:1 in London
No contest - BHP will be danced around the ring until the Chinese have secured their on market fill of RIO & then deliver the knock out punch to BHP ie another 20% premium offer to instos
& then when BHP is taking the count they'll probably move in & buy a good slab of BHP from the same instos
down in london, page-2
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Last
$41.96 |
Change
-1.440(3.32%) |
Mkt cap ! $214.0B | |||
| Open | High | Low | Value | Volume |
| $42.00 | $42.20 | $41.95 | $115.8M | 2.755M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 5554 | $41.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.97 | 1340 | 11 |
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| Last trade - 11.12am 11/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |