RIO 2.06% $130.07 rio tinto limited

re: strong rumours wmc This is just the beginning, what's the...

  1. 729 Posts.
    re: strong rumours wmc This is just the beginning, what's the first thing you do if you are going to launch a script bid for another company?
    A. Get your SP up!

    That's why they took twice as much out of the market, they have to get the ratio up to the equivalent of $8.40 per WMR! RIO aren't going to offer cash, a script bid is their only trump card!

    Good luck WMR holders.

    Long WMR calls
 
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