Get out the calculator:
DEBT A$65 Billion @ 10% 6.5 Billion a Year.
Maturing Debt 2009 $US 9 Billion A$12 Billion.
Cash to find next year 15.5 Billion.
WE are in a credit crunch there is no buyer of assets unless it's a fire sale.
Moody's about to downgrade Rio rating from AAA to BBB
Oh! the chairman mentioned RIO still has an unused facility of $7 Billion!
It has gourged itself with debt and really who want that debt today where earnings are so uncertain.
It could be the largest fall in history it has all the signs, a pompous board, completely out of touch,diminishing cash flows and rising interest rates.
Asssets are no longer a term that excites,cash is king.
Moved from the "London" forum. Original message number: 358
it's now or never!, page-5
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Last
$117.11 |
Change
-2.730(2.28%) |
Mkt cap ! $43.53B | |||
| Open | High | Low | Value | Volume |
| $118.00 | $119.01 | $116.70 | $109.8M | 935.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39 | $117.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.11 | 148 | 5 |
View Market Depth
| Last trade - 14.54pm 16/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |