This is all very reminicent of Microsoft walking away from Yahoo - Rio is going to sink hard given their debt level and the current market sentiment.
Glad I sold out when the initial bid was made - the deal was never going to pass, be it from a lack of funds/will or from a regulatory standard - was only a matter of time that the over inflated Rio sp was due to correct.
Best of luck to holders on this one - given these hard times it's going to be a rough ride.
black wednesday..., page-18
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Last
$117.22 |
Change
1.010(0.87%) |
Mkt cap ! $43.14B | |||
| Open | High | Low | Value | Volume |
| $115.93 | $117.24 | $115.08 | $54.69M | 470.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 166 | $117.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.24 | 152 | 10 |
View Market Depth
| Last trade - 14.56pm 19/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |