They are extremely selective with their stats.
Using performance from 5 years ago compared to the ASX is not fair in my opinion. That was when the mining bust started, of course BHP fell in relation to the ASX which was boosted by banks via the property boom and lowering of interest rates...Only an idiot would take that for gospel.
Secondly I do agree on the dual listed structure. Not their potential improvements in value, but I believe it holds not relevance and should be removed. Albeit Elliot wanted bhp to be solely listed on the LSE (lol). But we all know he wants his shares purchased to make up for the LSE discount.
Oil division. I want it kept. All mining companies make bad acquisitions, especially the large ones. However selling the division when POO is in an absolute bear market is exactly what they shouldn't do!!! It's a mistake that distressed oil and mining companies often do. BHP doesn't need the money from selling this division and is big enough to support it for now. Bloody leave it!!!!
As for big acquisitions or developments with low returns, I'm against Potash for now. But what's happening with exploration around OD!!?? Last time I heard was that BHP struck something big near OD, where is the official update or information on exploration programs? They bought up all the tenements around it a few years ago.. copper seems to be the next big thing, focus on that. BHP knows copper, it's not an expert in complex large potash projects.
I'm not signing the register as for the most part Elliot can piss off in my opinion.
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