Look at the huge value of shares in these companies traded today - some $854 million worth of RIO and $810 million worth of BHP.
These are huge sums of money in just two stocks - not little speculators having a punt but serious money, big money.
RIO looks like a 7 in 10 chance of being the recipient of a takeover bid.
It could be BHP ... a Japanese consortium or a Private Equity bid maybe in cahoots with other mining interests.
There seems too much money in play for this just to be a beat up or a rumour.
I reckon it's 'game on' for RIO (at least).
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Last
$121.76 |
Change
0.830(0.69%) |
Mkt cap ! $45.19B |
Open | High | Low | Value | Volume |
$122.26 | $123.10 | $121.60 | $222.7M | 1.819M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 789 | $121.50 |
Sellers (Offers)
Price($) | Vol. | No. |
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$122.88 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 789 | 121.500 |
1 | 800 | 121.000 |
1 | 8 | 120.930 |
1 | 7 | 120.750 |
1 | 750 | 120.600 |
Price($) | Vol. | No. |
---|---|---|
122.880 | 1000 | 1 |
122.930 | 540 | 1 |
122.950 | 200 | 1 |
123.000 | 320 | 4 |
123.090 | 100 | 1 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$122.00 |
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Change
0.830 ( 1.13 %) |
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Open | High | Low | Volume | ||
$121.84 | $123.10 | $121.46 | 342628 | ||
Last updated 15.59pm 29/03/2024 ? |
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RIO (ASX) Chart |