Tuesday, November 25, 2008

BHP's gift to China

So BHP has pulled the plug on its take over of RIO.. the reason? "market turn down and debt levels"...Hmm! red herrings....
Their action has caused an over reaction in London tonight...as if they didn't know...just think of the timing of the announcement!!..Anyway Chinese interests are buying right now with their ears pinned back. It is part of their strategy to control the supply chain...The long march continues.......
And of course BHP will be back with an offer once China injects some capital into RIO...but the horse has bolted.
Another one to China!!

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