BHP continues to flounder as no end in sight for base metal collapse. Ravensthorpe is a 2.8Billion white elephant. Same for the Alumina plant expansion near Bunbury. So the board pisses billions against-the-wall as they still think chinese demand is bigger than ever. Watch this SP sail straight through 32.50. If the AUD strengthens (which i expect) it will fall even furtrher. BHP's 'no hedging' policy was/is dumb. Only crude price will prevent bigger fall. They should dump the RIO takeover as Al esp vulnerable to price collapse.
will bhp hit 32.50
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Last
$43.73 |
Change
0.740(1.72%) |
Mkt cap ! $218.1B | |||
| Open | High | Low | Value | Volume |
| $43.52 | $43.83 | $43.51 | $64.18M | 1.474M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3933 | $43.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.74 | 1417 | 9 |
View Market Depth
| Last trade - 10.26am 08/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |