If it drops that much the market would be saying that resources are overvalued and rio has paid too much.
I hope it doesn't but early indications coming out of London is that resource stocks are trading up over 1% not a boom but nevertheless up.
Rio looks like its going back up but still down 2.60% hopefully it was a over reaction to the higher price.
I think Rio will hold $100 dollars Bhp to break though the 39 and Awc to hit 8.75 Oxr 4.00 imho.
From my post yesterday was right on the ball on all three.
rio tinto recommended all cash offer for alcan, page-23
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Last
$118.24 |
Change
-2.750(2.27%) |
Mkt cap ! $43.89B | |||
| Open | High | Low | Value | Volume |
| $119.62 | $120.11 | $116.68 | $315.0M | 2.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 260 | $118.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $118.25 | 7098 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |