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).
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Last
$127.45 |
Change
4.230(3.43%) |
Mkt cap ! $47.31B |
Open | High | Low | Value | Volume |
$126.25 | $127.95 | $125.00 | $303.5M | 2.401M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1052 | $127.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$127.49 | 3457 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 215 | 126.000 |
1 | 150 | 125.300 |
5 | 915 | 125.000 |
1 | 400 | 124.110 |
1 | 1 | 124.000 |
Price($) | Vol. | No. |
---|---|---|
127.500 | 50 | 1 |
127.550 | 44 | 1 |
127.650 | 514 | 2 |
127.670 | 1700 | 1 |
127.700 | 970 | 2 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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RIO (ASX) Chart |