re: smerfie Deutshe are buying for BHPB not RIO.
Rio - If rio was to make a bid - an yep, i thought they may as WMC has a mine life of 30 + years with U238 back in favour - but the share price would have tanked in the absence of this bidding war - BHPB is paying way to much. This will lead to RIO picking up assets in a falling commodities cycle as they have stated.
Leigh Clifford is not going to piss shareholder values away buy buying at the top of the market.
That being said - RIO has still got well over US 1b in the bank.....
singas
strong rumours re: wmc, page-13
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Last
$123.68 |
Change
-2.360(1.87%) |
Mkt cap ! $45.91B | |||
| Open | High | Low | Value | Volume |
| $124.03 | $124.31 | $121.86 | $320.7M | 2.615M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3082 | $123.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $123.76 | 3044 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |