Shrugs - you're saying that only one side is smart and the other side is stupid. I'm saying both sides aren't stupid, even if they have different motives.
You just gave two examples of majors - BHP and RIO - buying and overpaying
Can you try two examples of majors - BHP and RIO - selling... which is what we're talking about
I'll start with two examples of each in the coal space
BHP selling Cerrejon and BMC
RIO selling Coal & Allied and Blair Athol
Ann: December 2023 Quarterly Activities Report, page-27
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Last
$3.33 |
Change
-0.010(0.30%) |
Mkt cap ! $3.001B | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.34 | $3.29 | $2.199M | 662.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14168 | $3.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.34 | 1269 | 1 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
$3.33 |
Change
-0.010 ( 0.02 %) |
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| Open | High | Low | Volume | ||
| $3.32 | $3.34 | $3.29 | 164966 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| SMR (ASX) Chart |