BHP 0.07% $42.07 bhp group limited

BHP $25 by FEB, page-109

  1. 3,553 Posts.
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    mate I've been trading and investing for over 20 years, and made a lot of money from BHP before the 2008 GFC.
    yes there was that dam disaster.
    but other mining companies share prices crashed a lot in 2014 - 2016 also, due to falling commodity prices.
    eg MIN fell from $12 to below $4
    RIO fell from $70 to below $37
    FMG fell from over $5 to about $1.40
    were they affected by Samarco ???
    so my point was that there is no need for a general market crash ( 1929 style ) in order
    for mining company shares to fall a lot. as happened in 2014 - 2016 when the XJO fell about 20%
    but mining shares fell by a lot lot more.
    commodity prices tend to be very cyclical.
    BHP is a great company but periods of large share price falls are to be expected with mining companies.

    Last edited by woollydog: 05/10/22
 
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