Look at the huge value of shares in these companies traded today - some $854 million worth of RIO and $810 million worth of BHP.
These are huge sums of money in just two stocks - not little speculators having a punt but serious money, big money.
RIO looks like a 7 in 10 chance of being the recipient of a takeover bid.
It could be BHP ... a Japanese consortium or a Private Equity bid maybe in cahoots with other mining interests.
There seems too much money in play for this just to be a beat up or a rumour.
I reckon it's 'game on' for RIO (at least).
rio and bhp
Add RIO (ASX) to my watchlist
 (20min delay)
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Last
$136.17 |
Change
2.080(1.55%) |
Mkt cap ! $50.54B | |||
| Open | High | Low | Value | Volume |
| $135.10 | $136.82 | $135.10 | $155.3M | 1.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2062 | $136.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $136.17 | 3420 | 1 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
$136.28 |
Change
2.080 ( 1.55 %) |
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| Open | High | Low | Volume | ||
| $135.15 | $136.80 | $135.15 | 64807 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| RIO (ASX) Chart |