Interesting when people are on the wrong side of a trade they want more "regulation" and investigations.
The lowest cost producers are making fat profit on volume at the bottom of the price cycle, its called free market competition people. No doubt higher cost uncompetitive try-hards will cry in their beer when BHP and RIO make billions while they see their investment dollars going backwards after they invested in dumb businesses.
Its called market forces but lets get realistic - BHP and RIO are less than 50% of global IO, they are good businesses and are being run to benefit their shareholders but they are not the only players.
Atlas = marginal business very difficult to make money and service debt
FMG = not as marginal as Atlas but big balance sheet issues for twiggy with insane debt due in 2017
Also ran IO producers = crazy dumb investments except for short term trading with tight backstops in a raging bull market.
Want to have your investment safe = buy BHP and RIO near the bottom of the commodity cycle.
Time to buy is about now and enjoy the ride up on the next wave of the cycle over 5-10 years with divvys in the meanwhile! Avoid being dumb. Feel sorry if you timed your trades wrong on the marginal businesses but hey we have all made bad decisions in this casino I'm sure.
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Last
$39.60 |
Change
0.790(2.04%) |
Mkt cap ! $200.9B | |||
| Open | High | Low | Value | Volume |
| $39.19 | $39.87 | $39.10 | $371.9M | 9.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10101 | $39.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.60 | 18075 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |