I appreciate the point you make but someone like Bhp or Rio can afford to hold these assets until the I/O turns, if Atlas iron for example is just shedding cash can they just stick their mines in maintenance? What do they do with their staff? How long can they hold out?
my initial thought to be honest was looking at producers in locations whereby Rio/bhp have the ability to take the assets of these companies and produce at lower costs especially if they are in close proximity to their own current operating mines.
I appreciate the point you make but someone like Bhp or Rio can...
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Last
$42.75 |
Change
0.340(0.80%) |
Mkt cap ! $216.8B | |||
| Open | High | Low | Value | Volume |
| $42.69 | $42.83 | $42.50 | $240.2M | 5.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 237 | $42.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $42.75 | 28966 | 1 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$42.66 |
Change
0.340 ( 0.54 %) |
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| Open | High | Low | Volume | ||
| $42.68 | $42.83 | $42.50 | 1811916 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| BHP (ASX) Chart |