Just imagine how BHP will look if the EU approves the deal!
I can understand why they want out in this market. But in years to come they will probably regret bailing on this. If 12 months ago it was worth 3.4 times plus if the RIO board was favourable, it will be worth more when the world comes out of the crisis.
BHP is effectively saying that it doesnt see an upside in resources for a very long time to come. What about the the 3.7 billion in saving in the pilbara? BHP is effectively committing to higher costs in a declining market!
Amazing BHP isnt also going south as a result.
rio down 40% in london, page-77
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$117.54 |
Change
-1.930(1.62%) |
Mkt cap ! $43.63B | |||
| Open | High | Low | Value | Volume |
| $116.50 | $119.09 | $115.90 | $172.7M | 1.475M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1117 | $117.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.54 | 191 | 2 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |