OTCQX:DMMIF - Post by User
Comment by
RRBC2019on Oct 07, 2019 9:43pm
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Post# 30205678
RE:RE:copper duke
RE:RE:copper dukeIt is not quite right Tapps88 but your point is correct. Pre GFC Rio Tinto paid $40B for the Aluminium company Alcan. It ended in disaster for Rio. Complete write down! In addition the coal company Rio bought was for $4B...called Riversdale, but they wrote it down to negative -$9B. Hence why the former Director Albanese got grilled over it by the SEC. So reporting numbers pre GFC is meaningless unfortunately. One day those times will arrive again but not in my lifetime.