If FMG and RIO go belly up what will that do for BHP? I tell you, the insiders know something that we don't. Why are the Chinese not coming to the aid of fmg and rio if they believe competition is in their interest? The recent bhp letter to shareholders (see link below) suggests that the opposite is happening. Yes, China and BHP are in for the kill and are doing deals on the bootie. (BHP gets the infrastructure and China gets long term contracts on their terms and possibly JV partnerships.)
BHP also wants to divest from low return materials and specialize in iron ore. So expect mines to close, jobs to be lost and the sp to go up!
Read the Chairman's letter to shareholders and see what you think.
BHP Billiton Chairman's Letter
green green, page-35
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$41.63 |
Change
-1.770(4.08%) |
Mkt cap ! $211.2B | |||
| Open | High | Low | Value | Volume |
| $42.00 | $42.20 | $41.58 | $447.3M | 10.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1239 | $41.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.63 | 14534 | 2 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |