Nickel a tough one. Not sure it’s the time to sell them for literally nothing when we could have got in excess of $5bn not so long ago. Rather keep it in care and maintenance in the interim and see what happens with demand increase over the next couple of years. Which is exactly what they are doing.
Jansen will be operational soon too, that’ll contribute counter cycle a few billion EBITDA. My view is this isn’t fully appreciated yet by the market, hence we trade at such a discounted PE compared to prior year averages. Albeit the market is simply pricing in materially lower commodity prices.
Nickel a tough one. Not sure it’s the time to sell them for...
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Last
$40.86 |
Change
0.650(1.62%) |
Mkt cap ! $207.2B | |||
| Open | High | Low | Value | Volume |
| $40.65 | $41.02 | $40.32 | $321.8M | 7.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1456 | $40.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.87 | 1230 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |