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Bolwell,Re: RIO, I don't know. I will say that it is actually...

  1. 3,704 Posts.
    Bolwell,

    Re: RIO, I don't know. I will say that it is actually quite surreptitous how the accumulation slowly happens. At first I saw they had 13.7% or so which they bought from RAB and that's where I thought things stood. And then the news reports saying 15.2% When did they do that? I didn't notice any heavier than usual buying and yet somehow or other shares were transferred to their hands.

    I can only guess that the guys at MacQuarie doing the buying on behalf of RIO are good at their job and not in a hurry.

    I guess I am saying that I think they are always watching for opportunities to accumulate but tailoring the accumulation in such a way to not get things too heated.

    Re: Other interests. In the words of the poet "If you prove it up, they will come".

    Patience, patience, patience.

    Just because something is not happening every minute of every day doesn't mean it isn't happening.
 
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