No, BHP meeting its targets will be good for all miners.
Annual earnings have been mixed as of late with some reporting good profits, and some missing out.
BHP had a good production report, so hopefully that will offset losses from a rising AUD and costs.
Its hold off on the acquisition of another company was very smart. RIO is paying the price for potentially purchasing Alcan at the very height of the market.
Having said that, a price of 82-85 for RIO represents exceptional value, and anything below this should be considered as strongly oversold.
so where to from here..., page-7
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Last
$117.98 |
Change
3.320(2.90%) |
Mkt cap ! $42.80B | |||
| Open | High | Low | Value | Volume |
| $115.80 | $118.26 | $115.09 | $113.8M | 974.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29 | $117.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $118.01 | 164 | 5 |
View Market Depth
| Last trade - 11.58am 31/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |