Look at the huge value of shares in these companies traded today - some $854 million worth of RIO and $810 million worth of BHP.
These are huge sums of money in just two stocks - not little speculators having a punt but serious money, big money.
RIO looks like a 7 in 10 chance of being the recipient of a takeover bid.
It could be BHP ... a Japanese consortium or a Private Equity bid maybe in cahoots with other mining interests.
There seems too much money in play for this just to be a beat up or a rumour.
I reckon it's 'game on' for RIO (at least).
rio and bhp
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Last
$119.44 |
Change
0.180(0.15%) |
Mkt cap ! $44.50B | |||
| Open | High | Low | Value | Volume |
| $119.64 | $120.40 | $119.29 | $78.42M | 654.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 264 | $119.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.44 | 521 | 12 |
View Market Depth
| Last trade - 14.38pm 19/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |