Barring some other mine disaster or renewed commodity price collapse to new lower lows I think $11-$12 will be the floor. It will take a trend reversal in one of the commodities (oil, copper, coal or Iron Ore) to go the other way. Safe entry below $15 for long term. I will jump at $13.XX today.
My prediction is late 2016 oil price recovery to $65 will be the beach head to change. Coal and other energy sources to follow oil with 6 month lag. Iron ore to stay $40-$50 next 5 years with all the 2nd tier marginal producers one by one collapsing.
Within 3 years BHP to be $30 is my bet.
Is it a 12 week?, page-4
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Last
$43.15 |
Change
-0.190(0.44%) |
Mkt cap ! $218.8B | |||
| Open | High | Low | Value | Volume |
| $43.14 | $43.27 | $42.66 | $336.3M | 7.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17234 | $43.15 |
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| Price($) | Vol. | No. |
|---|---|---|
| $43.17 | 19524 | 2 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| BHP (ASX) Chart |