Butchy i agree with you about Rio BHP needing to step in . And this move in my mind is still very possible. However any counter bid is more likely to occur
once hanlong make their second move/bid.
No need for BHP RIO or any of the other big boys to do anything right now until next step by hanglong eg revised bid at 60c with board approval. If that were to occur then we may see some real action.
Also got a keep in mind rio just reported 7.9b half year profit. So all this talk about the chinese as the only ones with funding/finance capability is very funny
feels like calm before the storm IMO
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