i'd be very very surprised it makes a difference.
APG is really petty cash for BHP, so whether they were bidding on RIO would have no effect.
I think you will be surprised how many positions BHP have out there in companies. It is a very low risk strategy for them and if anything, I believe they have no intention in taking APG over so many should forget it.
Just appreciate APG for what it may be, and that is a standalone company potentially generating revenue from its plants. BHP have a holding purely to help get it going and if it proves successful, they will most likely have the equity position to ensure they are the first to have access to the plant.
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