Just few weeks back, early Nov, I think there was news, executives flied to SA, but no comment at all. I hear during AGM too, a debate, and none dare to speak. Also recent articles and interviews.
If the merger is dead, why they are all quiet this month?
Since May and price chart, I do believe: - Anglo fair price should only be 1,750, but it's hanging at much higher, better than any other miners. Something big? - the activist orchestrated the merger should be a real a big hand, I don't believe they give up easily and I believe it will work.
Though, there were lots of noise recently too this month: - EUR, DXY, etc - Trump tariff - China fiscal disappointment
However from last night, it seems the USD impact may have peaked? If yes, I think it may have a support going forward.
And even if there's a merger, there's still a possibility some of it already priced in, since there's ~4-5 % difference with RIO in past few days. Perhaps about same amount like last May?
BHP Price at posting:
$40.16 Sentiment: Hold Disclosure: Held
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