I understand RIO & BHP want to wipe out the competition, but at what price? Yes they will still be standing, but that doesn't mean a return to riches. Just as the price of ore returns to a healthy level, other companies will enter the market. It seems highly unlikely that in the future, there will be no other players returning to the market when the price of ore recovers. RIO can't embark on this type of behavior each and everytime. Yes it might be working in destroying other companies, but at what destruction to their own shareholders wealth.
I understand RIO & BHP want to wipe out the competition, but at...
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Last
$117.48 |
Change
2.820(2.46%) |
Mkt cap ! $43.61B | |||
| Open | High | Low | Value | Volume |
| $115.80 | $118.26 | $115.09 | $298.9M | 2.551M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16 | $116.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.48 | 10183 | 2 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |