WoollyAgreed. Not the most informed thread on this coy. Not sure...

Woolly

Agreed. Not the most informed thread on this coy. Not sure that they know who Rio are?

Worked for Rio mgmt and it is one of the most diversified tough talking and tough action companies in the world. Board will never sell out unless they get the price they want/expect and they will be far harder to budge in a bear correction but who knows maybe BHP synergies look promising for all. As far as t/over and BHP needing 50% they will be lucky if this occurs - 37.5 Rio and Axa took up nearly 5% on Ftse other day and then Chinalco hold 9% and Rio also accumulating quietly it looks like. Goldman Sachs and other big invest bankers are already buying and writing long for March 20 and also retaining some extra shares with the day trades - looks like some accumulation.

Today more buyers than sellers and some big ones accumlating and acting for ... Interesting selling plays by BHP the other day to keep the price down and Rio doing the same on BHP - love the reporting methods so many amendments ...well after the fact on London Exchange.

Share price will go up and down b/w price points as it always has and as all blue chips do depending on ecos and obviously bid situation but prior to the bid late last year the charts and prices showed exceptional upside anyway.

Both are excellent companies and can only see l/t upside for both as holds unless fundamentals change markedly or the reported 400 billion loss occurs and comes as a shockwave to the market. Certainly bid changes both coys pricing during the period but who cares they are still reaping us better than expected returns.

Cheers

WT

Nothing here is ever advice. The market is always right and is your best teacher.