BHP averted disaster today.
Have fun with US$6b of debt that BHP can wipe off within a year if it wants. Us boys at Rio are stuck with oh, nearly 8 times that and without a petroelum division!
I respect Kloppers for giving up on Rio, its well worth the $450 million in fees - at least you don't end up with all that debt.
I'm bailing out of Rio and mining stocks overall, Rio is basically on the brink with the Alcan buy, lower aluminum prices, a global credit freeze and even lower demand.
I can only be thankful that Rio was under 10% of my portfolio so it's not too bad.
I hate mining stocks so much right now. Every diversified miner including Rio, Teck, Xstrata, Anglo has been smashed 70 per cent - except for BHP in Australia.
- Forums
- ASX - By Stock
- BHP
- kudos to bhp
kudos to bhp
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$39.60 |
Change
0.790(2.04%) |
Mkt cap ! $200.9B |
Open | High | Low | Value | Volume |
$39.19 | $39.87 | $39.10 | $371.9M | 9.393M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 10101 | $39.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.60 | 18075 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 10101 | 39.550 |
1 | 10000 | 39.540 |
2 | 45270 | 39.510 |
4 | 12285 | 39.500 |
1 | 8381 | 39.490 |
Price($) | Vol. | No. |
---|---|---|
39.600 | 8075 | 1 |
39.650 | 1000 | 1 |
39.680 | 14843 | 1 |
39.690 | 4907 | 1 |
39.740 | 4000 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online