it is pretty easy to start making doomsday predictions on rio's price. there are many people here doing back of the envelope calcs on rio's balance sheet. most of it is mis-guided. The simple fact is that alot of large hedge funds have been torched on the RIO bhp SPREAD. this is mass unwind happening here, buying back bhp and selling rio. who know how much to go, but it should settle down.
mass unwind still happening
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Last
$113.66 |
Change
-3.880(3.30%) |
Mkt cap ! $42.19B | |||
| Open | High | Low | Value | Volume |
| $115.00 | $115.33 | $113.46 | $213.5M | 1.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $113.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.99 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |