Glencore has started the “bear hug” on Rio Tinto. The day will come next year when Glencore bids for RIO and it might just be hostile. When that day comes investors will positively reassess the value of remaining large scale, low cost, long life, WA production assets.
It’s always darkest before the dawn and that could well be right now.
Glencore has started the “bear hug” on Rio Tinto. The day will...
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Last
$21.26 |
Change
-0.450(2.07%) |
Mkt cap ! $65.45B | |||
| Open | High | Low | Value | Volume |
| $21.70 | $21.70 | $21.02 | $145.2M | 6.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9760 | $21.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.27 | 7866 | 4 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |