Not really. It's a long term strategy. Run production at 110%, lower prices, drive out high cost competition, buy up the distressed assets, cut production, lift prices, profit.
No doubt quite a few short sighted investors have been burnt. Still more to fall IMHO.
Myself, I'm sitting on the sidelines waiting for a few more signs that the bottom is here before buying into the next boom. Stanmore Coal (SMR) is opening up early next year, a good sign that we are getting closer to the bottom. I'm waiting for a few more signs to buy, among them the imminent collapse of the (former) global giant AngloAmerican. See how the dust settles after that one...
Not really. It's a long term strategy. Run production at 110%,...
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Last
$40.01 |
Change
0.800(2.04%) |
Mkt cap ! $202.9B | |||
| Open | High | Low | Value | Volume |
| $40.07 | $40.25 | $39.67 | $474.9M | 11.69M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15864 | $40.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.03 | 1196 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |