For all the hype, the share price of BHP & RIO steadfastly refused to overshoot the mining boom ... It was like long term market economics in action ... with hindsight, a warning sign for resources sector investors ... the canary in the gold mine.
So, might at some point resource companies over perform over a decade as commodity prices stabilise and creep up? Also, wouldn't low cost producers like BHP & RIO clean up the best of the higher cost producers during this period for sensible prices?
Dex
BHP sub $20.00 !, page-49
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Last
$43.90 |
Change
0.620(1.43%) |
Mkt cap ! $222.7B | |||
| Open | High | Low | Value | Volume |
| $43.28 | $44.06 | $43.25 | $361.0M | 8.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 508 | $43.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.90 | 5100 | 2 |
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| BHP (ASX) Chart |