This is all very reminicent of Microsoft walking away from Yahoo - Rio is going to sink hard given their debt level and the current market sentiment.
Glad I sold out when the initial bid was made - the deal was never going to pass, be it from a lack of funds/will or from a regulatory standard - was only a matter of time that the over inflated Rio sp was due to correct.
Best of luck to holders on this one - given these hard times it's going to be a rough ride.
black wednesday..., page-18
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Last
$116.65 |
Change
-1.640(1.39%) |
Mkt cap ! $43.30B | |||
| Open | High | Low | Value | Volume |
| $117.87 | $118.70 | $116.65 | $201.6M | 1.716M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2011 | $116.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.85 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |