Troskolo:
So someone buying up Rio shares to bump up the price to say $65? Then the cap raising is announced at $45 telling everyone they are knocking off 30% off the last close price and selling it as cheap as chips.
Very similar to what happened to LGL and WES though you would need to spend a lot of dough to push the price to your comfort region.
Plausible.
why is rio so strong in oz, page-6
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Last
$114.34 |
Change
-0.110(0.10%) |
Mkt cap ! $42.52B | |||
| Open | High | Low | Value | Volume |
| $114.59 | $114.83 | $113.88 | $46.21M | 403.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 160 | $114.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $114.34 | 350 | 6 |
View Market Depth
| Last trade - 14.08pm 23/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |