Get out the calculator:
DEBT A$65 Billion @ 10% 6.5 Billion a Year.
Maturing Debt 2009 $US 9 Billion A$12 Billion.
Cash to find next year 15.5 Billion.
WE are in a credit crunch there is no buyer of assets unless it's a fire sale.
Moody's about to downgrade Rio rating from AAA to BBB
Oh! the chairman mentioned RIO still has an unused facility of $7 Billion!
It has gourged itself with debt and really who want that debt today where earnings are so uncertain.
It could be the largest fall in history it has all the signs, a pompous board, completely out of touch,diminishing cash flows and rising interest rates.
Asssets are no longer a term that excites,cash is king.
Moved from the "London" forum. Original message number: 358
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Last
$112.43 |
Change
-2.990(2.59%) |
Mkt cap ! $41.73B |
Open | High | Low | Value | Volume |
$115.93 | $116.04 | $112.13 | $184.0M | 1.622M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 3122 | $112.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$112.44 | 2200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 3122 | 112.400 |
1 | 100 | 112.390 |
1 | 117 | 112.370 |
2 | 202 | 112.330 |
1 | 4812 | 112.310 |
Price($) | Vol. | No. |
---|---|---|
112.440 | 2200 | 1 |
112.800 | 150 | 1 |
112.870 | 2706 | 3 |
113.000 | 2804 | 2 |
113.070 | 8051 | 1 |
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