RIO 1.68% $113.99 rio tinto limited

strong rumours re: wmc, page-14

  1. 865 Posts.
    re: smerfie re:singas Hi Singas

    Wrong Wrong Wrong.... DB cant buy stock for BHP at more than the offer price of $7.85.. it is against ASX rules!

    The 93.44M DB has is for themselves and/or their clients...not even for RIO... as that would have to have been declared at 5%...they simply have almost a 10% blocking stake which puts them in a very powerfull negotiating position... the fireworks in this takeover is only just beggining.. forget the 5 months involving Xstrata, that was only the entree!

    RIO is a great company...take my advice ..let RIO go as high as you're comfortable with and buy some puts.
 
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$113.99
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$113.88 $114.63 $113.30 $262.1M 2.267M

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No. Vol. Price($)
3 3007 $113.98
 

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Price($) Vol. No.
$114.11 19 1
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