Breaking News
BHP the big Australian has announced it will no longer bid for Rio Tinto.
The news will send BHP shares higher as it promises to look after Shareholder, Rio holders will face a bleak time as it is predicted that there will be wide spread falls on the market on Wednesday.
This leaves BHP with cash to spend on the sold down resource sector, companies that come to mind will be Oz Minerals, whose share price has taken a battering of late, but would provide incremental income with a well developed pipleine of mines. The frantic trading seen today of over 120 million shares could be the precursor for takeover talk .
oz minerals on the radar as bhp lets rio go
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