Hate to see Glencore being lugged in the same space as BHP and RIO. Glencore has just been acquiring stuff and putting on more debt, BHP and RIO have been growing organically and reducing debt. RIO and BHP have much better assets than Glencore. Everything has been thrown out with the bath water so it seems a perfect opportunity to get some BHP & RIO for the long term, as they will be surviving. In fact seeing Glencore fail and go bankrupt might be a good thing for commodity prices as much as i hate saying that. Still short term BHP and RIO definitely under pressure. Looking forward to see what the quarterlies are like in October, only 3 weeks away.
Hate to see Glencore being lugged in the same space as BHP and...
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Last
$42.49 |
Change
0.190(0.45%) |
Mkt cap ! $215.4B | |||
| Open | High | Low | Value | Volume |
| $42.83 | $42.92 | $42.33 | $303.6M | 7.112M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 499 | $42.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.49 | 321 | 1 |
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| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |