RIO's track record in buying and selling assets is very poor and...

RIO's track record in buying and selling assets is very poor and on some occasions has been close to disasterous. This sale will not change that record and looks to be driven by criteria other than achieving fair value for their assets. If I was a RIO holder I would be pissed off.

As an IVA holder I feel like puking. This looks and smells like a fire sale. The offer is audacious and arrogant and although my holding is small I will resist the offer. IMO there is much upside in this stock and it appears that it will all flow to the buyer. The lesson learnt here is never put yourself in the position of being part of the oppressed minority no mattter how good the upside might appear.

ANZ