This rally IMO highly suspect, RIO up 22% will only translate to 35 XJO pts, BHP already came back, could even go lower in NY as question arise such as funding, possible share placements to raise cash?
The fact is BHP board only wrote a letter to RIO board if they interested in any proposals, RIO told them to bugger off, BHP then wrote another letter, I am sure RIO will say bugger off again
Its all just cheap talk, plus such a large takeover will certainly lead to equity placements by BHP to take advantage of its high share price today at 43.24 still very high prices
Overall very suspect , can not be trusted
thrashed thursday night, page-88
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Last
8,057.9 |
Change
58.600(0.73%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,999.3 | 8,083.7 | 7,999.3 |
| XJO (ASX) Chart |