mate I've been trading and investing for over 20 years, and made a lot of money from BHP before the 2008 GFC.
yes there was that dam disaster.
but other mining companies share prices crashed a lot in 2014 - 2016 also, due to falling commodity prices.
eg MIN fell from $12 to below $4
RIO fell from $70 to below $37
FMG fell from over $5 to about $1.40
were they affected by Samarco ???
so my point was that there is no need for a general market crash ( 1929 style ) in order
for mining company shares to fall a lot. as happened in 2014 - 2016 when the XJO fell about 20%
but mining shares fell by a lot lot more.
commodity prices tend to be very cyclical.
BHP is a great company but periods of large share price falls are to be expected with mining companies.
mate I've been trading and investing for over 20 years, and made...
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Last
$42.07 |
Change
-0.030(0.07%) |
Mkt cap ! $213.3B | |||
| Open | High | Low | Value | Volume |
| $42.29 | $42.43 | $42.07 | $244.2M | 5.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $42.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.08 | 1000 | 2 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |