where to for rio, page-35

I am very tempted to buy at these levels based on how far the sp has came down. But then again, i really hate the RIO CEO, chairman and the broad. They are ignorant and arrogant. They simply cannot accept they had made a mess buying Alcan at a price no sane person would consider and on top of that, demanded an equal value takeover bid from BHP. Even bhp (clean balance sheet and much bigger than rio) said servicing the rio debt is a major problem, but rio management simply denies there is or there will be a problem. So I reckon rio got what it deserve but pity that loyal shareholders are the ones who will have to clean up this mess with their hard-earned money. DYOR.