Time for the board to start considering the Olympic Dam and Oz...

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Sabbath

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30/05/24

11:52

Post #: 74080917
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Originally posted by Gindaldan ↑

JPM isn’t a shareholder in BHP. That’s merely equity analysts having an opinion. JPM is a custodian bank for pension funds and high net worth individuals, underlying holders and they vote individually is a lot of our big superfunds. As with HSBC holding etc, all custodian companies holding on behalf of global pension funds (legal retirement for safe holding among many things). They cannot vote.

The South African holdings are toxic, and especially to BHP. The Black Empowerment Group is toxic, akin to communism, trying to right the past with more wrongs. It’s part of the reason South Africa is such an undesirable place to now invest. With a change of majority ownership god knows what they may do or demand in those holdings. Who knows, they could even semi nationalise those holdings, given the distain for BHP (probably because it spun off everything to do with that awful country via s32).

Stay away from South Africa, it’s a basket case.

Glad BHP held strong on this aspect and walked. But those coal assets off Anglo.

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Time for the board to start considering the Olympic Dam and Oz Minerals copper asset development in a more politically stable environment.

Business isn't happy with labor so when a lib election win is on the table it may be time to extract better returns in SA.

BHP Price at posting: $44.26 Sentiment: Hold Disclosure: Held
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Time for the board to start considering the Olympic Dam and Oz...

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