I haven’t seen any more commentary from BHP on ANGLOs revised plans to demerger and sell non core assets. But it appears the market is suggesting BHP might be walking. Up almost 3% so far in London and Anglos down close to 2%. 5% deviation between the 2. Noting RIO slightly red. I doubt tonight’s budget for critical metals is moving the dial. Notwithstanding copper new highs again, but RIO trading red on it.
Walk BHP. You’re printing in the copper business now, use excess capital from copper profits and higher than analysts estimates in iron ore to pay down debt and develop greens field copper. Equally… Resolution in the USA with RIO could likely be a go with a trump presidency.
BHP Price at posting:
$43.15 Sentiment: Buy Disclosure: Held
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