CXO is not a target of RIO or BHP due to the small size (in scale) and little upside to them.
Dont get me wrong as a standalone CXO have a huge upside (I own CXO too) or more compartively sized merger of equals makes sense.
Why does CXO not make sense to BHP and RIO both are more likely want to buy a sure thing with 30 to 50 LOM or greenfield with JORC but no development.
Look at BHP last 3 half yearly divdends of $2.xx per half that is $4 a year and with 5billion shares on issue they paid out $20billion in dividends... CXO fully developed wont make a dent nor is it tranformative.
Having said that LTR make sense to RIO due to the assets RIO already have next to LTR operations.
CXO is not a target of RIO or BHP due to the small size (in...
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Last
10.0¢ |
Change
0.003(3.09%) |
Mkt cap ! $213.6M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.8¢ | $1.027M | 10.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 944082 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 3692026 | 56 |
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| Last trade - 11.50am 11/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |