Yeah ddzx, we'll just have to take your word for it. I read the horrible news: (1) BHP net loss of $5.7 Billion ($A 8 Billion) for the first six months. (2) Underlying profit fell 92% to just $412 million, (3) Slashed dividends from 62 cents to 16 cents.
I was going to read the gory details but I got to the slide in their results presentation which was headed "The health and safety of our people always come first". Seriously, it's the slide immediately after the one titled "Samarco" which talks about the reasons for what you call "the write-down of some impairments"
I gave up - couldn't stop laughing at their insensitivity and stupidity.
I did get to read the summary of today's market reaction though, which was headed: "BHP posted it's biggest one day fall in years."
Hmm, must be something to do with that great operating profit you mention. Or the $5.7 Billion loss. Or those impairments?
c1 cost down to $13 wmt, page-66
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