re: smerfie Deutshe are buying for BHPB not RIO.
Rio - If rio was to make a bid - an yep, i thought they may as WMC has a mine life of 30 + years with U238 back in favour - but the share price would have tanked in the absence of this bidding war - BHPB is paying way to much. This will lead to RIO picking up assets in a falling commodities cycle as they have stated.
Leigh Clifford is not going to piss shareholder values away buy buying at the top of the market.
That being said - RIO has still got well over US 1b in the bank.....
singas
strong rumours re: wmc, page-13
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Last
$121.33 |
Change
2.020(1.69%) |
Mkt cap ! $44.75B | |||
| Open | High | Low | Value | Volume |
| $118.69 | $121.55 | $118.37 | $111.5M | 926.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2612 | $121.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $121.42 | 886 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |