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
it's now or never!, page-5
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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
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |