Market seems to be warming up to the idea of the transaction. I suspect if BHP is dead serious they’ll take on the SoUth African iron ore holding as a concession, with Anglo to demerge the Platinum prior to it. Might get board endorsement then. Then they can look at the books.
Im bullish on copper, but not so much at this price. Those coking coal mines are likely worth USD$3-$4 billion, the copper mines are not worth $70 odd billion. Everything else likely gets sold off except maybe the cash hogging UK project. I’m discounting everything else to nil as we have no real interest in it. Except the Brazilian iron ore project, albeit given Samarco do we want to operate in there again?
Not so sure I like this.
this is my largest holding by far, I won’t be trimming it given the underlying assets it owns. However I am a little worried this could drag the share price and ultimately dividends down for a long time.
BHP Price at posting:
$45.22 Sentiment: Buy Disclosure: Held
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