Yes, definately to a degree. They are the backbone to any funding UNLESS you can get your funding from alternative sources AND BESIDES, the banks show little disinterest in lending to BHP, RIO and all the big global miners for that matter.
Its the heavily geared co's that will loose out. Not those cashed up with healthy profit growth, strong assets and healthy balance sheets with lots of cash reserves from prior FY profits
Stay the heck away from your Toll holdings etc who own everything via debt
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Last
$40.77 |
Change
0.240(0.59%) |
Mkt cap ! $206.7B | |||
| Open | High | Low | Value | Volume |
| $40.70 | $40.90 | $40.45 | $537.7M | 13.19M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $40.76 |
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| Price($) | Vol. | No. |
|---|---|---|
| $40.78 | 8000 | 4 |
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| BHP (ASX) Chart |