BHP are incredibly on the ball. Im sure they could see this metals correction coming.They knew it would hit earnings and share price.
The world tumble makes the BHP/RIO bid look good at just the time the market is discounting RIOs earnings,thus putting presure on board to sell.
BHP then does not have to fight shareholders for a higher offer.BHP takes control of RIO when its most vulnerable.Remember it would be a huge ask to take over RIO is comodities were still booming.
BHP gets RIO just as the market recovers in 2009/10.
What clever guys are these???
Amazing really
falling share price, page-8
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Last
$18.53 |
Change
0.035(0.19%) |
Mkt cap ! $56.93B | |||
| Open | High | Low | Value | Volume |
| $18.46 | $18.60 | $18.45 | $15.84M | 855.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 3569 | $18.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.53 | 73 | 5 |
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| Last trade - 10.42am 12/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |