Understand some of the general mood/feeling here that this could be value destructive. I take a slightly different view. BHP has only 1 major project atm (with this one at/near its CAPEX peak) - with the likelihood of (only) 1, possibly 2 organic projects starting in the next year or so (speculated but not announced) ... Anglo has 1 or 2 ready to go, BHP with the funds & hopefully the expertise to perhaps do better. BHP should be doing 2-4 major growth projects at any time imo. Then there is the synergies, which should realise material value. Billiton was bad, Anglo have genuinely good assets ... yes the SA breakup & execution is a risk.
That's my bet on Mike Henry from what I've seen & what I've read.
@Gindaldan I respect the need to be disciplined but I'd like to see some growth too & perhaps after scouring the globe, this is the best on offer. I'm willing to take this chance.
BHP Price at posting:
$45.03 Sentiment: Hold Disclosure: Held
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