I cant see RIO breaking above $150 for a while. BHP is such better value at these corresponding levels less the TO premium still somewhere attributed to RIO (albeit far smaller then previously).
I think that is what the market is saying. BHP is outperforming RIO for that reason
Mind you, if BHP were to increase the TO offer, RIO will fly and BHP fall hard
invest or wait..., page-2
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Last
$123.68 |
Change
-2.360(1.87%) |
Mkt cap ! $45.91B | |||
| Open | High | Low | Value | Volume |
| $124.03 | $124.31 | $121.86 | $320.7M | 2.615M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3082 | $123.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $123.76 | 3044 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |