The Japanese fuelled 70s boom was concerned with ~4% of the world population. The current resource boom is being brought to fruition by ~40% of the world population. Alot more people with their feet on the accelerator.
In my opinion I don't believe BHP will pull the pin on RIO, wait for RIO share price to drop and then re-launch Takeover v2.0 in 6 months time. Kloppers is trying to get RIO shareholders onside to sell-out to BHP, by jerking RIO shareholders around with corporate bullying is hardly the way to get RIO shareholders onside.
I believe BHP are playing the game well, and now RIO have to prove where the ball-park is.
BHP-RIO will have amazing pricing power, but there is no advantage of screwing over your customers and pi$$ing off regulation bodies world-wide. BHP execs are smarter than that.
bhp offer to many shares. , page-12
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Last
$40.31 |
Change
-0.050(0.12%) |
Mkt cap ! $204.5B | |||
| Open | High | Low | Value | Volume |
| $40.46 | $40.70 | $40.16 | $280.3M | 6.927M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12907 | $40.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.35 | 2000 | 1 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |