BHP bhp group limited

3.90%

$37.53

Nice post RDD. A diversified mining house it is and investments...

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sam0408

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24/07/24

18:48

Post #: 74899998
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Originally posted by Red Dirt Dan: ↑

Have a watch of the seminar from the LME in the $100 posting on BHP HC.
Its an interesting watch.
Whilst there is pressure on the SP, not on margins so much for bhp or many diversified mining houses apart from S32 which has had a bad result, but BHP and its result I think was a great result.
Indonesia and its Nickle will be dealt with as BHP is a monster and very well connected through out the political world. It is only a matter of time. History determines that.
Its not what is in the now, its where the market will be and you always buy when Henny Penny is running around that old oak tree looking into the sky of nothingness.
Find a major trading house and some clients, ring the companies that are both buyers and sellers and in fact, talk to a mine manager in the Pilbara. I have and asked them about RIO`s new Guinea foray.
What the media is not talking about is the extra 7,000 + klms to get to the major clients not to mention Africa as a whole for doing business. Sovereign risks are abound. No Sovereign risk in Australia apart from the Labour Party.
I am not dismissing your thesis of below $40, but demand for future feed lines has never been stronger.
There is a reason for that.
Im banking on stimulus from China because THEY DO NOT HAVE A CHOICE.
All the best with your trades.
RDD

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Nice post RDD. A diversified mining house it is and investments in future facing commodities such as copper and potash prudent and necessary.

However Iron Ore is still the largest revenue earner at present. Simandou in Guinea is more a 2026 onwards story. In the meantime there is China's ports inventory currently highest since March 2022 (see page 4 chart in link below)

https://news.metal.com/newscontent/102867278/mmi-daily-iron-ore-report-july-23-

And Dalian continues to head south as China's much talked about property woes finally reflected in a weaker steel demand.

https://www.brecorder.com/news/40314124

.

BHP Price at posting: $41.56 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $37.53		Change 1.410(3.90%)		Mkt cap ! $190.5B

Open	High	Low	Value	Volume
$36.87	$37.70	$36.80	$530.4M	14.18M

Buyers (Bids)

No.	Vol.	Price($)
3	6726	$37.53

Sellers (Offers)

Price($)	Vol.	No.
$37.55	450	1

View Market Depth

No.	Vol.	Price($)
2	426	37.530
3	3664	37.500
2	2560	37.450
2	1025	37.400
1	7400	37.370

Price($)	Vol.	No.
37.550	450	1
37.600	1400	2
37.630	1000	1
37.700	3545	6
37.720	1530	2

Last trade - 16.10pm 27/06/2025 (20 minute delay)

BHP (ASX) Chart

Nice post RDD. A diversified mining house it is and investments...

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Nice post RDD. A diversified mining house it is and investments...

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