Agree HT1, JV allows for risk mitigation and further economies of scale (volume) across a number of BHP commodities. Don't think BHP will allow additional high transaction costs of another t/o. Also not sure RIO board has softened enough (arrogance still prevails!).
But something in me questions whether, in this period of CV building, Kloppers would be content with a JV deal as his lasting stamp. As aggressive and ambitious as he is only time will tell to what extent he pursues the M&A value lever.
Discl - own BHP and RIO
bhp, page-6
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Last
$113.75 |
Change
-0.170(0.15%) |
Mkt cap ! $42.22B | |||
| Open | High | Low | Value | Volume |
| $113.51 | $114.33 | $113.34 | $130.1M | 1.137M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1417 | $113.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.98 | 105 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |