horrendous news for BHP, their JV with the ill-fated Vale should and perhaps will create a SP shock to BLT on the LSE, BBL on the NYSE and then BHP on the ASX?
i do not believe the bad news is over yet.
there might be dumping of Fe ore, FMG, RIO and BHP might all be losers out of this Vale debacle.
about three to four years ago, I did say Vale would cause problems for BHP, did not think it would be this bad tho.
it is worse for BHP than could have possibly have been imagined.
News: BHP UPDATE 1-FTSE 100 falls on fresh global growth worries; lift-off for easyJet, page-19
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