re: cheap @ these levels!/ takeover?? BHP, Australia Miners May Rebound as `Less Risky' Bet on China
April 11 (Bloomberg) -- Australian shares of mining companies such as BHP Billiton and Rio Tinto Group, dragged lower last month along with emerging markets, may rebound as investors seek relatively safe bets on China's economic growth......Investors in Australian miners may also gain from takeover speculation after BHP last month topped a bid from Xstrata Plc for WMC Resources.
Coal miners Macarthur Coal Ltd., Excel Coal Ltd. and Felix Resources Ltd. and iron ore miners Mt. Gibson Iron Ltd. and Azrec Resources Ltd. may be targets, UBS Investment Bank analysts Glyn Lawcock and Fleur Grose wrote in a Jan. 10 report.
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $523.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 43.0¢ | $89.22K | 207.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1278 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 58576 | 4 |
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| MGX (ASX) Chart |