BHP 0.07% $42.07 bhp group limited

I suspect part of this strategy is to diversify away from...

  1. 5,251 Posts.
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    I suspect part of this strategy is to diversify away from Australia with a copper growth story elsewhere. The IR laws could stop the expansion of the South Australian copper hub which includes Oak Dam. Use the Anglo asset expansions in South America as a bargaining chip to say change those IR laws or we invest $10s of billions in South America, not Australia. A trump presidency will also likely see RIO/BHP JV at resolution in Arizona get approved. That deposit is far superior to anything, I believe it’s the highest grade large scale deposit in the world that hasn’t been developed.

    If copper price permanently rerates above $5 a pound then the Anglo deal makes sense. A lot of analysts have long term assumptions at low to mid $4s, hence questioning BHPs move. Hence BHP must be modelling in much higher prices. Synergies… well we know coking coal assets would. South American copper should have some. Brazilian iron ore - high grade makes sense too. Everything else is junk in Anglo.
 
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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

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No. Vol. Price($)
1 4000 $42.06
 

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$42.08 1000 2
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Last trade - 16.10pm 29/07/2024 (20 minute delay) ?
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