RIO TINTO TO OFFER 15.2 BILLION IN SHARES!!!!!!!!!
Instead of acquiring Chinalco, Rio Tinto has decided to offer 15.2 Billion in stock to the Public.
It is such a comfort to know that now everyone is in the Fundraising game. The US Government, the Banks, now the Miners. Who else wants to sell some stock? Where I come from this is called 'leading with your chin'. It's a supply and demand market and these guys are rushing to the supply side of the ship, causing it to list to one side. It is probably the side with the hole already blown into it.