I agree (but not really) - the synergy and the proximity to Port Headland port etc. and common rail makes sense. BHPB did want RIO after all. I remember doing well from that one when I heard early (RIO was $130/share). At the time it felt like a massive risk - but it came to fruition.
I've spent the last 15 years in the mining industry in various capacity, and know BHPB very well.
I don't think they see FMG as an aquisition target though, more of a hinderance to their grand plans (all of which are unwinding in front of their eyes at present with iron and oil). AMcK at BHPB has a very one sighted view of the world and his 4 pillar strategy is a big bet - based on his view of the future - that he has sold to the board and shareholders. Such an arrogant company. I don't think they are clever enough to want FMG.
FMG Takeover Rumour, page-39
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Last
$17.73 |
Change
-0.210(1.17%) |
Mkt cap ! $54.59B | |||
| Open | High | Low | Value | Volume |
| $17.86 | $18.00 | $17.67 | $106.1M | 5.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $17.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.76 | 10562 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |