we don’t know impacts or appeals or anything really. If they need to pay half of the US$10bn then I’d say it would affect the dividend to keep net debt at where it is. Ie by 20-30 USD cents potentially.
The positive news is commodity prices are high and positively the evergrande wind up with stimulus.
We are underperforming RIO because of this uncertainty, but of course because RIO has higher % iron ore earnings.
BHP Price at posting:
$47.23 Sentiment: Buy Disclosure: Held
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