The share price follows the market value of the company, not the rights issue. An extreme example but if BHP did a 1 for 100 rights issue at 50c a share, it's obviously not going to fall to 50c. The only reason the RIOR and RIO are falling is because the market value of the company is falling.
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RIO
rio tinto limited
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1.25%
!
$107.26

why the big drop?, page-7
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Last
$107.26 |
Change
-1.360(1.25%) |
Mkt cap ! $40.32B |
Open | High | Low | Value | Volume |
$106.61 | $107.37 | $105.81 | $19.29M | 181.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 31 | $107.26 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$107.29 | 118 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 167 | 107.120 |
5 | 180 | 107.110 |
4 | 241 | 107.100 |
4 | 139 | 107.090 |
4 | 228 | 107.080 |
Price($) | Vol. | No. |
---|---|---|
107.170 | 80 | 1 |
107.180 | 25 | 1 |
107.190 | 74 | 2 |
107.200 | 188 | 3 |
107.210 | 81 | 2 |
Last trade - 10.36am 08/07/2025 (20 minute delay) ? |
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AGC
AUSTRALIAN GOLD AND COPPER LTD
Glen Diemar, MD
Glen Diemar
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