Rofl Mike, I'll bet you my house on that.
$30 tankage on BHP's pull? Bullshit. Rio is already trading at $11 of BHP's implied 3.4 bid.
Rio has more than enough cashflow to pay off Alcan comfortably. That thing is a money making machine with low power costs and Rio got it when Aluminum was $10,000/lb, its now nearly $13,000 and went as high as $15,000 not too long ago.
Rio can afford to raise its dividends and don't forget Albanese has said it is going to give a 20% boost to fend off BHP.
dividends, page-3
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Last
$120.78 |
Change
-1.290(1.06%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $120.50 | $121.32 | $119.51 | $137.0M | 1.135M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2099 | $120.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.80 | 57 | 1 |
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| Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |