If it drops that much the market would be saying that resources are overvalued and rio has paid too much.
I hope it doesn't but early indications coming out of London is that resource stocks are trading up over 1% not a boom but nevertheless up.
Rio looks like its going back up but still down 2.60% hopefully it was a over reaction to the higher price.
I think Rio will hold $100 dollars Bhp to break though the 39 and Awc to hit 8.75 Oxr 4.00 imho.
rio tinto recommended all cash offer for alcan, page-21
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Last
$118.24 |
Change
-2.750(2.27%) |
Mkt cap ! $43.89B | |||
| Open | High | Low | Value | Volume |
| $119.62 | $120.11 | $116.68 | $315.0M | 2.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 260 | $118.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $118.25 | 7098 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |