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What just happened??????????????????????
They're going nuts!!!!!!!!!!!!
They're going nuts!!!!!!!!!!!!
RIO and BHP
- Thread starter YOUNG_TRADER
- Start date
Sean K
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RIO look like it'll break 100 today! 
LOL.
Maybe there's more to the rumours than meets the eye.
I read that a sum of parts for RIO was about 140, so a bit to go perhaps.
LOL.Maybe there's more to the rumours than meets the eye.
I read that a sum of parts for RIO was about 140, so a bit to go perhaps.
Sean K
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Golly, maybe it will. Up $7.00, hitting $97.RIO look like it'll break 100 today!
Crazy stuff. Maybe.
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Golly, maybe it will. Up $7.00, hitting $97.
We're very exuberant, but when will we be irrational?
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Could it be the rumoured takeover for BHP.ZFX also up 60c after being down 20c at one stage.Crazy
J MARKET TALK: Rio Tinto Surges On BHP Takeover Rumor
0242 GMT [Dow Jones] Rio Tinto (RIO.AU) surges to record high of A$96.48, now up 5.4%
at A$94.52, on rumored bid by BHP (BHP.AU). Rio Tinto declines to comment; BHP declines
to comment. BHP up 1% at A$31.50, hits A$31.90. There's talk in the market of broker
research canvassing a A$110/share bid by BHP. "Obviously, the market all of a sudden
thinks there's some substance to it," says senior institutional trader. Other
traders say some clients claim BHP has approched Rio. (DWR)
Maybe a big announcement pending.. Hopefully sees BHP break through $32, I hold.
0242 GMT [Dow Jones] Rio Tinto (RIO.AU) surges to record high of A$96.48, now up 5.4%
at A$94.52, on rumored bid by BHP (BHP.AU). Rio Tinto declines to comment; BHP declines
to comment. BHP up 1% at A$31.50, hits A$31.90. There's talk in the market of broker
research canvassing a A$110/share bid by BHP. "Obviously, the market all of a sudden
thinks there's some substance to it," says senior institutional trader. Other
traders say some clients claim BHP has approched Rio. (DWR)
Maybe a big announcement pending.. Hopefully sees BHP break through $32, I hold.
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Falcon if this is true it will have a massive impact on resource stocks and also the ASX as a whole.Just goes to show you that you are never too big for something like this to happen(if its true that is)
Sean K
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No, I own BHP already and am too concerned this is just rumour and when denied will result in sell off. I'm just a scaredycat really.
Sean K
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Analysts reports I have read say more upside in RIO. Anyone got anything different?
Kauri
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If someone is going to go for Rio they will need to get moving, earlier today a bid when Rio was $90 with a 30% T/O premium would have the bid launched at $120 odd, soon a 30% premium on $100 will be $130ish...
Sean K
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Not sure on this one. They're both international companies, duel listed. Actually, not sure of the rules on this one, but I think I read somewhere that they would avoid ACCC scorn due to being 'international'. ??
