I believe bhp profits will halve due to a global slowdown.
At there very least 20 billion worth of mines will close in australia within 2 months because of low metal prices, bhp nickel mine is not profitable and that cost 3 billion.
If profits halve so will the share price. A month of metal prices at these levels and it will all fallover.
price target of 12 after profits fall
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$43.65 |
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| Open | High | Low | Value | Volume |
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