RIO 1.36% $123.31 rio tinto limited

now thats a resource upgrade, page-3

  1. 653 Posts.
    but why would you want to fend off BHP?

    they are the better performer of the two for a long time now.

    Stronger management (im sure we could argue that till the cows come home), better assets (lets just start with the oil exposure).

    I bought a chunk of RIO very recently and did it with the full intention of being first in line when the BHP offer comes through.

    I appreciate there is a risk it wont eventuate, in which case i am still holding onto a good company anyway, but i wonder how many other investors have bought RIO since the BHP offer with the full intent of accepting the deal.

    I would suspect a great deal (not to mention the institutes who would love to close the 8% gap).

    If the RIO board seriously dont intend to meet with BHP, i think they are neglecting their primary role (looking after shareholder interests). I suspect that, that is not the case, and they are just waiting for approval of the deal before they spend any genuine effort on considering the options.
 
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$123.31
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