What is the current take on BIL's short term trend?

[Electrox]

R200 seemss like a good support but will we see R220 soon? time will tell, other than that how will the rio deal affect this share if it goes thru? opinons ? thanks

[surfer]

I like but who ever said my view counted

[Project_Directo]

Please read my post from early November this share is crabbing for a while until the rio bid goes official, then the boys with large ones make cash,lol,imo

[asylum]

According to Rio Tinto's forecasts, China will double its iron ore imports over the next six years, as domestic demand underpins steel consumption. Combined with restricted imports from India as a result of taxes and India's own growing consumption, the outlook for the market will stay strong, Rio Tinto said.

[asylum]

so buy bil now and in six years time youll be smilling.

[Project_Directo]

did the indians also say the "in six years time part", try 6 months.imo

[Project_Directo]

BHP BILLITON is poised to lob a revised offer for global resources rival Rio Tinto as early as this week. BHP chief Marius Kloppers has until February 6 to lodge a formal bid, but analysts believe he may not wait until the last moment to move. In November BHP was prepared to acquire the company for $110 billion in BHP shares. (Herald-Sun, Jan 14)